Trump says US is ready to help India, Pakistan with trade

Trump's remarks came after a ceasefire agreement that he says his administration helped broker.

Donald Trump. / Reuters

President Donald Trump said on May 12 that the United States is ready to help India and Pakistan in the wake of a ceasefire agreement that he says his administration helped broker.

Trade is a big reason why they stopped fighting, Trump said at an event at the White House.

Pakistan faces a 29 percent tariff on exports to the US due to an approximate $3 billion trade surplus, but this is currently under a 90-day pause announced in April.

The International Monetary Fund (IMF) on May 9 approved a $1 billion loan disbursement to Pakistan as part of a larger $7 billion bailout agreement.

The IMF executive board also approved a fresh $1.4 billion loan to Pakistan under its climate resilience facility.

Tensions between India and Pakistan began mounting after the Apr.22 attack in Kashmir on Hindu tourists that killed 26 people, sparking the worst clashes between the nuclear-armed neighbours in more than two decades.

On May 10, a ceasefire in the Himalayan region was announced by Trump, following four days of fighting and diplomacy and pressure from Washington.

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