"They don't love me right now, but they will love me again" — Trump promised India to lower tariffs

President Donald Trump stated that he would lower tariffs on Indian goods "at some point," noting that the U.S. is "pretty close" to a trade agreement with New Delhi.

These statements have become another signal of a possible de-escalation of the trade dispute that has overshadowed relations between Washington and New Delhi.

After Trump imposed sanctions on the two largest Russian oil producers last month, Indian refineries, which had been actively buying Russian oil at favorable discounts for three years, began to reduce purchases from Moscow.

Officials in New Delhi cautiously believe that a deal with the U.S. is not far off.