Key Highlights
- U. S. Commerce Secretary Howard Lutnick cites Modi's failure to call Trump as the reason for no trade deal.
- Trump expressed unhappiness with India's Russian oil purchases and threatened tariffs.
- Six rounds of negotiations had taken place for the bilateral trade agreement.
- The proposed deal aimed to address 50% tariffs on Indian goods entering the U. S.
- Lutnick discussed the issue during a podcast interview with venture capitalist Chamath Palihapitiya.
