By Nandita Bose, Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -India and the U.S. agreed on Thursday to start talks to clinch an early trade deal and resolve their standoff over tariffs as New Delhi promised to buy more U.

India and the U.S. will work to more than double bilateral trade to $500 billion by 2030, Indian Prime Minister Narendra Modi said at a joint press conference with U.S. President Donald Trump on Thursday.

Donald Trump has announced reciprocal tariffs, as he said that India has ‘more tariffs than nearly any other country’. This came ahead of his meeting with Prime Minister Narendra Modi in Washington. But what are these taxes and how will they impact India?