US Commerce Secretary Howard Lutnick revealed that the long-pending India-US trade deal collapsed not over policy differences, but because Prime Minister Narendra Modi did not personally call Donald Trump to finalize negotiations. As a result, India faced a 50% tariff, while the US completed deals with other countries. Lutnick detailed how a missed “time-bound window” led to higher tariffs and lost opportunities, shedding light on the geopolitical and economic stakes.

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