US Commerce Secy: India-US Trade Deal Stalled Because PM Modi Didn't Call Trump

• US Commerce Secretary Howard Lutnick claims the India-US trade deal stalled because PM Modi did not personally call President Trump.
• Lutnick stated that the US had negotiated deals with other countries, expecting India to finalize first, but India was 'on the wrong side of the seesaw'.
• He highlighted that the UK secured a better deal by moving quickly, unlike India, and the earlier agreed terms for India are no longer valid.
• The US has stepped back from the previously agreed trade deal with India, according to Lutnick.
• This comes amidst new US sanctions targeting countries, including India, for purchasing Russian oil, with potential 500% tariffs.

Why It Matters: A US official attributes the stalled India-US trade deal to PM Modi not calling Trump, while new sanctions loom.