TRUMP ANNOUNCES ENERGY DEAL WITH PAKISTAN, SLAPS 19% TARIFF ON IMPORTS

ORIGINALLY PUBLISHED IN DE MODE

Article Published on: 01ST AUG 2025 | www.demodemagazine.com

Just a day after announcing a landmark energy partnership with Pakistan, U.S. President Donald Trump imposed a 19% tariff on Pakistani goods as part of his expanded "Liberation Day" tariff initiative. Though Pakistan had earlier faced a 29% duty, a last-minute trade agreement saw it reduced to 19%. On Tuesday,

Trump highlighted a preliminary deal centered on the joint development of Pakistan's so-called "massive oil reserves"—though specifics remain unclear. Sharing the update on Truth Social, Trump called it a “significant beginning” for long-term energy collaboration. He also hinted at Pakistan exporting oil to India and mentioned that the U.S. would soon select an oil company to lead the partnership. As part of the deal, Pakistan will begin importing U.S. crude, moving away from Middle Eastern suppliers. Cnergyico, Pakistan’s top refiner, confirmed a 1-million-barrel WTI crude import from Vitol scheduled for October.