Sign up here.The US and India have been edging closer for years. Washington sees India as a key regional counterweight against a more assertive China, while for New Delhi, the US has become an increasingly important source of foreign investment and a partner for trade and security.

Speaking to reporters in the Oval Office, Donald Trump on Wednesday indicated he had received inputs suggesting India plans to lower tariffs on certain goods.

President Donald Trump has said he'll start imposing tariffs on countries that don't reach trade deals within "two, three" weeks. In a press conference on Wednesday in the Oval Office, Trump said he thought the US would get "great deals" in its trade negotiations.

Tensions between India and Pakistan have escalated over the terror attack in J&K's Pahalgam that killed 26 persons, mostly tourists.

Trump's comments came in response to criticism by Democrats that some officials provided updates to traders and financial execs.