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.When asked about the India-US trade deal, Lutnick said, “Let’s be clear, it’s his deal.He’s the closer. He does the deal. So I said, you got to have Modi. It’s all set up. You have to have Modi...they were uncomfortable doing it. So Modi didn’t call. “
This revelation comes after US President Donald Trump, on Thursday, approved a bill that can impose at least 500% tariffs for countries buying Russian oil, aiming to “punish them.” US senator Lindsey Graham said that the bill would give US tremendous leverage against countries like China, India and Brazil to incentivize them to stop buying the cheap Russian oil.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. Since then India and US have had
