{"id":524710,"date":"2026-01-10T10:11:49","date_gmt":"2026-01-10T05:11:49","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=524710"},"modified":"2026-01-10T10:11:49","modified_gmt":"2026-01-10T05:11:49","slug":"india-us-trade-deal-stalled","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/india-us-trade-deal-stalled\/","title":{"rendered":"India-US trade deal stalled"},"content":{"rendered":"<p>NEW DELHI: India\u2019s trade pact with the United States was delayed because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump to close a deal they were negotiating, US Commerce Secretary Howard Lutnick said on Friday.The trade talks fell apart last year and Trump doubled tariffs on Indian goods in August to 50%, the world\u2019s highest rate, including a levy of 25% in retaliation for India\u2019s purchases of Russian oil. \u201cIt\u2019s all set up and you have got to have Modi call the President. And they were uncomfortable doing it,\u201d Lutnick said in an interview on the All-In podcast, a US show by four venture capitalists that focuses on business and technology.\u201dSo Modi didn\u2019t call.\u201d The comments came after Trump stepped up the pressure for talks with a warning this week that tariffs could rise further unless India curbs its Russian oil imports.That step pushed the Indian rupee to a record low and spooked investors waiting for progress in two-way negotiations for a trade deal that remains elusive. India still seeks a tariff rate between Washington\u2019s offers to Britain and Vietnam that had formerly been agreed but the offer has expired, Lutnick added.India\u2019s trade ministry did not immediately respond to an e-mailed request for comment on Lutnick\u2019s remarks. New Delhi and Washington were very close to a trade deal last year but a communication breakdown led to the collapse of any potential pact, Reuters reported. It cited an Indian government official involved in the talks as saying that Modi could not have called Trump, for fear that a one-sided conversation would put him on the spot. DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India\u2019s trade pact with the United States was delayed because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump to close a deal they were negotiating, US Commerce Secretary Howard Lutnick said on Friday.The trade talks fell apart last year and Trump doubled tariffs on Indian goods in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-524710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India-US trade deal stalled<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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