President Donald Trump and Indian Prime Minister Narendra Modi held a joint news conference as the two leaders work toward a trade deal and try to reinforce a relationship. Earlie

New Delhi: Even as India and the US agreed to boost bilateral trade to $500 billion by 2030 and work towards a trade deal that will reduce duties and improve market access, the issue of reciprocal tariffs hangs in balance.

Trump spoke to reporters from the Oval Office about his decision, saying it was an “amazing day.” When asked if prices would rise as a result of the tariffs, he said that they “could go up somewhat” at first, but then “prices will also go down.”