<h1>India and US Work Towards Bilateral Trade Agreement to Boost Market Access and Reduce Tariffs by 2025</h1> India and the US are negotiating a trade agreement focusing on increasing market access, reducing tariffs and non-tariff barriers, and enhancing supply chain integration. The US has not imposed reciprocal tariffs on India, and both nations aim to finalize a multi-sector Bilateral Trade Agreement by fall 2025. In 2023, bilateral trade was USD 190.08 billion, with India having a trade surplus. India continues to engage with the US to enhance trade relations while diversifying its export markets. India's tariff policy aims to regulate trade, protect domestic industries, and facilitate trade through reforms and international agreements.