Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according to a government source directly involved with the proposal and a refinery executive.
Countries are scrambling to find ways to lower their U.S. tariff burdens, including buying more U.S. oil and gas, as President Donald Trump’s sweeping import duties rattle economies and markets.
“It is one of the products being reviewed ahead of a delegation leaving for the U.S. to talk about tariffs,” said a government source directly involved with the proposal to the prime minister to buy more U.S. crude.
“It is under active consideration. We are exploring opportunities and the structure to do it, but the PM has to approve it,” he said.
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