The agreement comes after other American allies, like Japan, clinched their own deals, partly to moderate President Trump’s tariff threats.

President Donald Trump slapped higher trade duties on India on Wednesday and offered a reprieve to two others — his latest trade war declarations in what has become a cornerstone of his second adminis

President Donald Trump on Wednesday delivered a subtle punch at India in announcing a trade deal with its rival Pakistan after slapping India with 25% tariffs over the country’s ties to U.S. rival Russia. Trump joked that Pakistan could be “selling Oil to India some day!”