<h1>Trade Deal Breakthrough: US and India Poised for Historic Agreement with Reduced Tariffs and Enhanced Market Access</h1> US Treasury Secretary suggests India is likely to be the first country to sign a bilateral trade deal with the United States, avoiding potential reciprocal tariffs. The current 26 percent tariff on Indian exports is paused, with ongoing discussions focused on reducing trade barriers. The official highlighted India's favorable trade conditions, including fewer tariffs and minimal government subsidies, making a potential agreement more feasible. The negotiations aim to address trade imbalances and expand market access between the two nations.