Congress, AAP MPs Slam U.S. Tariffs; Demand PM Modi's Parliament address on tariffs

2 weeks ago 20

The recent imposition of tariffs by the United States has sparked a political storm in India, with Congress and Aam Aadmi Party (AAP) MPs staging strong protests and demanding a clear response from the Modi government. Senior Congress leader Rahul Gandhi warned that these tariffs could cause severe damage to critical sectors of the Indian economy, including automobiles, pharmaceuticals, and agriculture. Echoing similar concerns, AAP MP Sanjay Singh and Congress MP Shashi Tharoor called for urgent government intervention and transparency. Meanwhile, global financial markets have reacted sharply. Wall Street saw its worst single-day drop since 2020, with all three major indexes plunging and the U.S. dollar wiping out gains made since President Trump's reelection. Fears of a potential global recession are mounting, as leading economists caution against the fallout of escalating trade tensions. In response, Canada has announced a 25% counter-tariff on non-compliant U.S. vehicles, while the European Union is also preparing retaliatory trade measures. Amid this turmoil, Congress has demanded that Prime Minister Narendra Modi address Parliament directly to explain the government’s strategy in handling the unfolding crisis. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWtJey46brNr7qHQpN6KLQ/join

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