US EditionIndia offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump: Reuters
- India offered to reduce its tariff gap with the U.S. From nearly 13 percent to under 4 percent to secure a trade agreement in May 2025.
- This offer aims to gain exemption from President Trump's current 26 percent tariff and potential future hikes amid fast-moving negotiations.
- India proposed zero duties on 60 percent of tariff lines and preferential access for nearly 90 percent of U.S. Imports including key export sectors.
- Two Indian officials said the tariff gap would shrink by 9 percentage points, making this reduction one of the most sweeping trade barrier changes.
- India expects full tariff exemptions on exports and seeks parity with top U.S. Allies in critical technologies, while offering eased rules on high-value U.S. Exports.
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India Offers to Slash Tariff Gap by Two-Thirds in Dash to Seal Trade Pact With Trump
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, two sources said, as both nations move fast to clinch a deal.
·New York, United States
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India offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump, sources say
The move would mean that the average tariff differential between India and the U.S. would be reduced by 9 percentage points, in one of the most sweeping changes to bring down trade barriers in the world’s fifth largest economy
·Canada
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