US commerce secretary Howard Lutnick made a big statement over why the India-US trade deal is not sealed yet. The official claimed that it was because “PM Modi didn’t call Trump.”“I set the deal up. But you had to have Modi call President Trump. They (India) were uncomfortable with it. So, Modi didn’t call,” he said.Back in August, US imposed additional tariffs on Indian imports to the country alleging that New Delhi’s purchase of Russian oil was fueling Moscow’s war machine in Ukraine. Since then total tariffs on Indian goods stand at 50%, including 25% of additional tariffs and 25% of Trump’s reciprocal tariffs. This is a developing copy.
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