Mince the garlic and prepare all the ingredients so they are readily available for cooking.
In a medium saucepan, combine the tomato paste, brown sugar, balsamic vinegar, and soy sauce.
Add the minced garlic, smoked chili powder, and smoked paprika, then mix thoroughly.
Pour in the water and bring the mixture to a simmer over low heat. Stir constantly to prevent burning.
Simmer the sauce for 10-15 minutes, allowing the flavors to meld and the sauce to thicken slightly.
Season with salt and pepper, then taste and adjust the flavors as needed.
Let the sauce cool, then serve with freshly cooked meats, grilled vegetables, or alongside burgers. Store in an airtight container in the refrigerator for up to 1 week.
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