India agreed to boost oil and gas imports from the U.S. in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.

President Donald Trump said on Thursday the U.S. and India have struck an agreement that includes India importing more U.S. oil and gas to shrink the trade deficit between the two countries. Trump made the comments after a bilateral meeting at the White House with India's Prime Minister Narendra Modi.

Prime Minister Narendra Modi's U.S. visit focused on strengthening India-U.S. ties amid trade tensions. Modi met Donald Trump for the first time since his return to the White House, with both leaders praising their bond and signing a key deal making the U.