Monsoon Session Day 14: Lok Sabha to Discuss Manipur GST Ordinance, Anti-Doping Amendments

IO_AdminAfrica3 hours ago7 Views

Fast Summary

  • Congress MP Hibi Eden moved an adjournment motion in Lok Sabha on August 7, 2025, seeking discussion on the imposition of an additional 25% tariff by U.S. President Donald Trump on Indian goods, raising the total tariff to 50%.
  • The tariffs are attributed to India’s continued purchase and resale of Russian oil and have been described as “unfair and politically motivated” by Mr. Eden.
  • Concerns were raised about the impact on India’s marine exports, notably shrimp exports which contributed $4.88 billion in revenue during FY 2024-25,accounting for 66% of India’s seafood export earnings.
  • Lower tariffs imposed by Ecuador and Guatemala and their geographical proximity to the U.S. were noted as factors reducing India’s competitive edge in shrimp exports.
  • Mr.Eden proposed several measures to mitigate the impact:

– Launching an Export Promotion Mission.
– providing financial packages for exporters affected by these tariffs.
– Ensuring strong support from Indian banks for businesses facing economic shock.
– addressing uncertainties surrounding shipments already in transit due to the tariff changes.

indian Opinion Analysis

The increased tariffs imposed by the U.S., particularly targeting high-value sectors like seafood exports, underscore growing geopolitical tensions influencing trade policy-a trend that could disrupt global supply chains substantially for Indian industries reliant on external markets. MP Hibi Eden’s proposal highlights urgent steps India can take domestically,including targeted export promotion strategies and direct financial support aimed at alleviating economic burdens on affected producers.

From a broader perspective, this policy move signals potential vulnerabilities in India’s dependence on singular markets such as America for its key export sectors like shrimps while contributing emphasis toward diversification into alternative markets or forging bilateral agreements with trade-friendly nations. Proactive intervention is needed not only to stabilize current industry losses but also ensure resilience against future shocks stemming from international trade disputes.

Read more: https://www.thehindu.com/news/national/parliament-monsoon-session-lok-sabha-rajya-sabha-day-14-live-updates-august-7-2025/article69903992.ece/liveEvent/entry/272710

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