India has slashed tariffs on bourbon whisky to 100% from 150%, a move that will benefit imports of brands like Suntory's Jim Beam, after U.S. President Donald Trump's criticised "unfair" levies in the South Asian market.

As two-way trade expands, India’s surplus is growing. President Trump is expected to press Prime Minister Narendra Modi to lower tariffs.

WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi will come bearing gifts when he meets Donald Trump on Thursday, hoping concessions on tariffs, fresh business deals and the prospect of cooperation on China will win the U.S. president's favor.

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.

In announcing his desire to impose reciprocal tariffs, Trump has not spared anyone — neither enemies nor allies — and has, as such, signalled the end of all existing trading rules

The offer emerged from Trump's White House talks with Indian Prime Minister Narendra Modi, just hours after the U.S. president railed against the climate for American businesses in India.

India has reduced its tariff on bourbon whisky from 150% to 100%, a move that is expected to benefit imports of popular US brands like Suntory's Jim Beam. This change comes a day after US President Donald Trump criticised India's "unfair" tariffs on American goods, particularly in the alcohol sector.

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