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 and the UK agreed a trade deal aimed at boosting economic ties between the world’s fifth and sixth-largest economies, as Washington’s disruptive tariff policies continue to reshape global trade.

President Donald Trump on the trade war with Xi Jinping of China. Reports indicate that Indian Prime Minister Narendra Modi is ready to accept all conditions of the US in a trade deal. Trump raised tariffs on most Chinese imports to 145%,