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Trade deal stalled as Modi didn't call Trump: US Commerce Secy
Financial Express Pune
|January 10, 2026
A TRADE PACT between India and the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, US Commerce Secretary Howard Lutnick said on Friday.
Trade talks between India and the US fell apart and Trump then doubled tariffs on Indian goods in August to 50%, the world's highest rate, including a levy of 25% in retaliation for India's purchases of Russian oil.
This story is from the January 10, 2026 edition of Financial Express Pune.
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