The Trump administration wants to bring down the U.S. trade deficit with India and hopes to have a fair bilateral trade deal with New Delhi in place in 2025, Trump administration officials said ahead of a summit between President Donald Trump and Indian Prime Minister Narendra Modi on Thursday.

President Donald Trump said Friday he was considering reciprocal trade deals with countries rather than flat fee tariffs on imported goods from other countries. Trump touted tariffs throughout his campaign and during his inauguration said tariff revenue would make the U.

In an ambitious move, India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 20