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United States President Donald Trump said on Thursday that the sweeping tariffs he has imposed on nations around the world were making the country “great and rich again”, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline. “Tariffs are making America great and rich again,” he wrote on his Truth Social platform. “One year ago, America was a dead country, now it is the ‘hottest’ country anywhere in the world,” he added. A day earlier, the US president imposed new tariffs to punish or favour several major trading partners — the latest round of sweeping measures that have roiled markets around the world. South Korea squeezed in at the last moment, securing agreement on a 15 per cent tariff for exports to the US — significantly below the 25pc that Trump had earlier threatened to introduce. But Trump also announced crippling 50pc tariffs on Brazil and a 25pc levy on Indian exports, while warning Canada it would face trade repercussions for planning to recognise a Pal...
Experts have welcomed the announcement of a trade deal struck between the US and Pakistan on Wednesday night that includes a partnership in developing oil reserves in the country. Finance Minister Muhammad Aurangzeb is currently in Washington for negotiations on a tariff deal and also began meetings with senior US officials yesterday. United States President Donald Trump said early on Thursday that his administration has struck a trade deal with Pakistan that includes joint development of the country’s “massive” oil reserves. “We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they’ll be selling oil to India someday!” Trump said on social media. A post by US President Donald Trump on Truth Social in which he announced that a trade deal between Pakistan and the US had been reached, on July 31, 2025. — realDonaldTrump via Truth Social Additional details of the agreement were not immediately available; however, local experts welcome the development with a positive...
United States President Donald Trump on Wednesday imposed a 25 per cent tariff on goods imported from India starting August 1, along with an unspecified penalty for buying Russian weapons and oil, potentially straining relations with the world’s most populous democracy. The US decision singles out India more severely than other major trading partners, and threatens to unravel months of talks between the two countries, undermining a key strategic partner of Washington and a counterbalance to China. In posts on his social platform Truth Social, he said the US had a “massive trade deficit” with India. In another post, he said: “Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world and they have the most strenuous and obnoxious non-monetary trade barriers of any country. “Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ene...9196 items