India, March 6 -- Many of the priorities of the Donald Trump administration in the US are favourable to India and the two sides are engaged in negotiations for a bilateral trade agreement that can address issues such as tariffs, external affairs minister S Jaishankar has said.

Jaishankar's remarks, made at an event hosted by Chatham House in London on Wednesday evening, came against the backdrop of President Trump's plans to hit trade partners with reciprocal tariffs from April 2. The move has triggered concerns about trade wars that could significantly impact the global economy.

Many of Trump's priorities "work for us", Jaishankar said, listing the US president's commitment to keeping energy prices reasonably affordable and stable, his...