West Asia Trade Disruption

New Delhi (Gurpreet Singh)— India has deferred the signing of its highly anticipated trade agreement with the United States, originally slated for March 2026. On Monday, Commerce Secretary Rajesh Agarwal clarified that the deal will now be finalized only after Washington clarifies its evolving global tariff architecture. The delay stems from significant legal and structural shifts in U.S. trade policy. According to Agarwal, traditional tariffs under the International Emergency Economic Powers Act are currently in flux following rulings by the Supreme Court of the United States (SCOTUS). As a result, the March deadline is no longer applicable. The "New Tariff…