‘When it came to losing a lot of money…’: Trump says India-Pakistan only stopped war when billions were at stake

Washington: US President Donald Trump has repeated his claims that he played a role in halting military tensions between India and Pakistan last year by threatening severe trade penalties. Speaking at inaugural session of the ‘Board of Peace’ in Washington on Thursday (February 19), he described how he warned both New Delhi and Islamabad of steep tariffs if they did not bring hostilities to an end.

He said the conflict was intense and that fighter planes were “being shot down” during the standoff. He claimed he personally called both leaders (Prime Minister Narendra Modi and his Pakistani counterpart Shehbaz Sharif) and that his warnings about tariffs and trade consequences persuaded them to de‑escalate. He added that he already knew them to some extent and that he was familiar with PM Modi in particular.

He said he threatened to impose tariffs as high as 200 percent on both countries as part of a strategy to deter further escalation between the two countries in May 2025. “I called them and I said, ‘Listen, I am not doing trade deals with you two if you do not settle this up’.”

He claimed that rather than military talks, economic pressure was the decisive factor in ending the brief confrontation between the two nuclear-armed neighbours.

“And all of a sudden, we worked out a deal. I said, ‘If you fight, I am going to put 200 percent tariffs on each of your countries.’ They both wanted to fight. But when it came to money, there is nothing like money. When it came to losing a lot of money, they said, I guess we do not want to fight… 11 jets were shot down. Very expensive jets.”

At the same event, the US president said that Pakistani Prime Minister Shehbaz Sharif had expressed gratitude, telling his staff that Trump had “saved 25 million lives” by intervening in the situation.

Trump has reiterated this narrative repeatedly over recent months, citing similar tariff threats in statements to reporters and at public forums. He has time and again asserted that punitive trade measures were used to end not only this conflict but other global tensions as well.

New Delhi has consistently dismissed the claim that any third party mediated the ceasefire or played a role in de-escalation. The government has maintained that the decision to end hostilities was taken directly by the military leadership of both India and Pakistan after intense ground and aerial engagements that lasted several days. There has been no official confirmation from either New Delhi or Islamabad supporting Trump’s version of events.

Analysts said that Trump’s repeated assertions appear aimed at highlighting his use of economic leverage as a foreign policy tool, particularly in a period ahead of domestic political contests where strong leadership on international issues is often emphasised in his rhetoric.

Trump’s statements come at a time when the United States is promoting its newly formed ‘Board of Peace’ initiative, a forum he launched in Washington, bringing together world leaders and representatives on issues of conflict resolution.

During the launch event, Trump also talked about US diplomatic engagement, though critics have questioned some of the claims and pointed out the lack of independent verification.

Latest

China hints at nuclear-powered aircraft carrier in new navy video

A Chinese navy anniversary film has triggered fresh speculation over a fourth aircraft carrier under construction. The clues have renewed focus on Beijing's blu

Trump cancels US envoys’ visit to Pakistan after Iranian FM Araghchi departs; peace talks in limbo?

US President Donald Trump cancelled envoys Steve Witkoff and Jared Kushner's visit to Pakistan for peace talks with Iran on Saturday. The development came after

Video, photos of Trump and Jeffrey Epstein projected onto US hotel

Demonstrators projected old images and video of Donald Trump and Jeffrey Epstein onto the hotel hosting the White House correspondents' dinner. The protest come

Iran’s Araghchi calls Pak visit fruitful, questions US seriousness on diplomacy

Iran has shown no inclination to hold direct talks with the United States even as the conflict has entered its ninth week. While US President Donald Trump has e

US to allow Venezuela to pay for Nicolás Maduro and his wife’s defense in drug trafficking case

The US has agreed to ease sanctions on Venezuela, allowing Nicolás Maduro to pay his lawyer's fees, reversing a previous restriction that jeopardised his drug

Topics

Quote of the day by Sam Altman: AI won’t replace humans. But humans who use AI …

Sam Altman's widely shared quote frames AI as a tool that rewards adaptation. It has added to the debate on how workers can stay relevant as artificial intellig

The quiet republic: In defence of the policeman in an election season

An IPS probationer argues that police bear the hidden burden of keeping Indian elections peaceful. The piece says their restraint, neutrality and planning uphol

China hints at nuclear-powered aircraft carrier in new navy video

A Chinese navy anniversary film has triggered fresh speculation over a fourth aircraft carrier under construction. The clues have renewed focus on Beijing's blu

ITR Deadlines: A complete guide to filing, penalties, and correction windows

The Income Tax Department has notified ITR forms for AY 2026-27. Taxpayers can file belated, revised, or updated returns. Key deadlines for advance tax and TDS

Kedaara picks up 5% in Axis Finance for Rs750 crore, sets benchmark for IPO-headed NBFC

Axis Finance has raised Rs750 crore from Kedaara Capital for a 5.08% stake, marking its first external funding. This capital boost strengthens its financial bas

IDFC First Bank says ₹590 crore fraud impact behind it, sees strong FY27 growth

The lender said new business remained unaffected during the March quarter, though profit fell sequentially after it fully expensed the fraud hit and incurred hi

Transition at Sonata: Rajsekhar Datta Roy is new CEO as Samir Dhar steps down

Sonata haild Roy for being instrumental in guiding the company's AI-first evolution. He has led efforts in advancing a Responsible AI approach, the company said

Trump cancels US envoys’ visit to Pakistan after Iranian FM Araghchi departs; peace talks in limbo?

US President Donald Trump cancelled envoys Steve Witkoff and Jared Kushner's visit to Pakistan for peace talks with Iran on Saturday. The development came after
spot_img

Related Articles

Popular Categories

spot_imgspot_img