The historic India-UK Free Trade Agreement (CETA) was all set to launch this month, but a sudden dispute over steel has put the finish line out of reach. In this exclusive breakdown, we look at why Britain’s new protectionist safeguard measures- slashing tariff-free steel quotas by 60% and slapping a massive 50% penalty tariff from July 2026 have raised serious alarms in New Delhi. With nearly $900 million worth of Indian iron and steel exports at stake, Commerce Secretary Rajesh Agarwal confirms both nations are rushing to find a "creative solution." Can they unlock the $120 billion bilateral dream?