By Ariba Shahid, Asif Shahzad and Kanishka Singh ISLAMABAD/WASHINGTON (Reuters) -The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment,

In a major shake-up of international trade, US President Donald Trump made two big announcements within hours on Wednesday. Major Tariff and Trade Moves in One Day First, he said that the United States will now slap a 25% tariff and extra penalties on Indian goods starting August 1.