Indian Trade Secretary says the US-India trade deal will be signed when the US re-establishes global tariff rates

• The US is working on recreating global tariff architecture. 

The Indian Trade Secretary's statement that a US-India trade deal will hinge on the US re-establishing global tariff rates suggests a potential delay in negotiations. This dynamic could lead to increased uncertainty in trade relations between the two nations, impacting various asset classes like currencies and commodities. Observers should monitor how this affects market sentiment and policy moves, especially concerning USD and broader geopolitical alignments.