07:10 AM EST, 02/14/2025 (MT Newswires) -- The US and India have agreed to start discussions for an early trade deal and to resolve their conflict over tariffs as the latter agreed to buy more US oil, gas and military equipment and fight illegal immigration, multiple news outlets reported Thursday citing a joint statement.
India's Foreign Secretary Vikram Misri said the deal to resolve trade concerns could take place within the next seven months, according to Reuters.
India has agreed to take steps to lower tariffs on certain US products and increase market access to US farm products to negotiate the initial segments of a trade deal by the fall of 2025, the report said.
This comes following talks between US President Donald Trump and Indian Prime Minister Narendra Modi at the White House, shortly after Trump unveiled a plan to put reciprocal tariffs on countries that put duties on US imports.
India now wants to double trade with the US by 2030, Modi reportedly said.