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Chidambaram slams Centre, warns against tariff and trade wars'
Hindustan Times
|March 28, 2025
Former finance minister and senior Congress leader P Chidambaram on Thursday said India must stand with saner voices in the world and collectively do everything to prevent a tariff and trade war, even as he sought to know from the Union government the country's response to US President Donald Trump's threat of tariff war.
Initiating a discussion on the Finance Bill in the Rajya Sabha, Chidambaram read out the recent cuts in customs duty announced by the Narendra Modi government on several items in the Union Budget 2025-26 and said: "Is this a genuine change of heart? I don't think so. I think this is the effect of Mr Donald Trump. The Trump Effect has forced the government to reduce these duties." Terming tariffs the elephant in the room, the former finance minister claimed that Trump has told PM Modi that he will launch a
This story is from the March 28, 2025 edition of Hindustan Times.
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