By Shubham Batra, Shivangi Acharya and Ira Dugal NEW DELHI (Reuters) -India has offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from President Donald Trump's "current and potential" tariff hikes,

India is offering to slash its tariff gap with the US by 9% to avoid Trump’s hikes & secure a $129B trade deal, while seeking tech ally status.

To expedite progress, India has offered to eliminate tariffs entirely on 60% of all tariff lines in the first phase of the deal. Additionally, it has proposed preferential access for nearly 90% of U.S. imports—aimed at sweetening the offer and signaling New Delhi’s commitment to sealing the deal quickly.