Trump and Modi have ‘warm’ phone call – but 2025 unlikely to end with a trade deal

Dec 11, 2025 | INVESTING

Despite a high-level phone call between US President Donald Trump and Indian Prime Minister Narendra Modi on Thursday, 2025 is likely to end without the long-promised US-India trade deal, as the “America first” leader continues to stall the agreement while working to cement improved ties with Beijing.
The call came just days after Modi hosted Russian President Vladimir Putin. While the Indian Prime Minister described his conversation with Trump as “warm and engaging” in a social media post,…

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