Indian Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting this week with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war,

India, in the recent Union Budget, announced customs duty reduction on bikes, including Harley Davidson, and synthetic flavouring essences. A cut on customs duty on these products is directly set to benefit American exporters.

India's top importers of liquefied natural gas are holding talks to buy more fuel from U.S. suppliers, ahead of Prime Minister Modi’s expected meeting with President Trump this week, Bloomberg reported Monday.