Trump Halted India-US Trade Deal After PM Modi Didn't Call: US Commerce Secretary

Business
M
Moneycontrol•09-01-2026, 12:03
Trump Halted India-US Trade Deal After PM Modi Didn't Call: US Commerce Secretary
- •US Commerce Secretary Howard Lutnick claims PM Modi's refusal to call Donald Trump stalled the India-US trade deal.
- •Lutnick stated that everything was set for the deal, but Modi's call to Trump was a prerequisite.
- •India's discomfort in making the call led to the deal's collapse, according to Lutnick.
- •After India backed out, the US finalized deals with Indonesia, Philippines, and Vietnam.
- •Lutnick confirmed that the original terms for the India-US trade deal are no longer on the table.
Why It Matters: PM Modi's reluctance to call Donald Trump led to the collapse of a major India-US trade deal.
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