India offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump

India has proposed reducing its tariff gap with the U.S. to under 4% from nearly 13% in exchange for exemption from U.S. tariffs. This offer includes zero duties on 60% of tariff lines initially and preferential access to nearly 90% of U.S. goods. India seeks preferential market access for key sectors and parity with U.S. allies in critical technologies.