Parliament Debates Looming Trade War Amidst Trump's Tariff Threats

Opposition MPs expressed concerns over US President Donald Trump's tariff threats, emphasizing the lack of parliamentary discussion. P Chidambaram highlighted potential economic repercussions, urging India to align with global allies to prevent a trade war. Increased tariffs may severely impact India's exports, sparking debate over economic and trade policies.

Opposition Members of Parliament raised alarms on Thursday regarding US President Donald Trump's impending tariff threats, demanding clarity on India's stance. Senior Congress leader P Chidambaram criticized the government's silence on the issue, emphasizing a lack of discussion within Parliament or consultation with opposition parties.

Discussing the Finance Bill 2025 in the Rajya Sabha, Chidambaram warned of the ominous consequences of a potential trade war, including depressed exports and economic instability. He urged India to join nations like Canada and Germany in opposing a tariff war.

Citing reports, opposition figures highlighted the substantial risks to India's export earnings, while members debated the effects of tariffs on various industries and called for policy transparency.

(With inputs from agencies.)