U.S. Commerce Secretary Howard Lutnick said a trade deal between the U.S. and India could materialize in the “not-too-distant future,” citing strong progress in negotiations and mutual benefits. Speaking at a U.S.-India Strategic Partnership Forum summit, Lutnick noted, “We have found a place that works for both countries,” and suggested early participants in such deals tend to get “a better deal.” He praised India’s willingness to engage early and acknowledged ongoing talks with a U.S. delegation currently in India. Lutnick reiterated concerns over India’s “very protectionist tariffs,” stating that reducing them is essential for building a “proper trading relationship.” He also called for reciprocal market access and a reduction in the trade deficit, expressing optimism that a balanced agreement could soon be reached.