<ul><li>India proposes reducing tariff gap with the U.S. to under 4% and seeks exemption from existing and future tariff increases.</li><li>In exchange, India offers preferential access to 90% of U.S. goods and requests to be treated as an ally on critical technology matters.</li><li>The proposal includes reducing tariff differentials by 9 percentage points, aiming to boost trade between the two nations.</li><li>India aims to finalize the deal with the U.S., following the UK, and Japan, offering to drop duties on 60% of tariff lines in the first phase.</li></ul>

India offers to narrow tariff gap with U.S. to under 4%

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