import pandas as pd
df3 = df1[['Lat1', 'Lon1']]
df3['tp1-tp2'] = df1.tp1 - df2.tp2
Out[97]:
Lat1 Lon1 tp1-tp2
0 34.4750 349.8350 -1.0
1 34.4769 349.8621 -0.5
2 34.4788 349.8891 0.0
3 34.4807 349.9162 -3.0
4 34.4826 349.9433 0.0
5 34.4845 349.9703 0.0