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The remarks came during a ceremony in the Oval Office, where Sergio Gor was sworn in as America's Ambassador to India by US Vice President J D Vance.
A major issue is export controls on rare earths announced by Beijing this month that prompted Trump to call the Xi summit into question.
Both sides also explored opportunities for collaboration in maritime, defence, aerospace, and space technologies.
Over 95% of agricultural and processed food tariff lines, including pepper, cardamom, turmeric, mango pulp, jackfruit, millets, and pickles, will go duty-free under the FTA.
The India US trade agreement faces disagreements on agriculture and dairy, which are 'big red lines' for India.
Trump insists that the tariffs are necessary to curb immigration, combat narcotics trafficking, and boost domestic industries.
The pact is expected to come into force from January 2023. The agreement, which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors.
India, Iran hold wide-ranging talks; ink agreement on mutual legal assistance.
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