【To reach a trade agreement with Trump, India proposed to reduce the tariff gap by two-thirds】Golden Finance reports that, according to two sources, India has proposed to reduce its tariff gap with the United States from nearly 13% to below 4% in order to reach a trade agreement with Trump, in exchange for Trump's exemptions from current and potential tariff increases. This would mean that the average tariff gap between India and the United States (calculated over all products, without considering trade volume) would decrease by 9 percentage points, marking one of the most significant changes 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 volume of about $129 billion in 2024. The current trade balance is favorable for India, with an $45.7 billion trade surplus with the United States. (Jin Shi)