According to TechFlow news on May 9, as reported by Jinshidata, two sources said that in order to reach a trade agreement with Trump, India has proposed to reduce the tariff gap with the United States from the current nearly 13% to less than 4% in exchange for exemptions from Trump's 'current and potential' tariff increases.

This would mean that the average tariff gap between India and the United States (calculated across all products, irrespective of trade volume) would decrease by 9 percentage points, marking one of the most significant changes made by the world's fifth-largest economy to lower trade barriers. The United States is India's largest trading partner, with a total bilateral trade of approximately $129 billion in 2024. Currently, the trade balance is in favor of India, with a trade surplus of $45.7 billion with the United States.