Goa, March 28 -- Former Finance Minister and senior Congress leader P. Chidambaram has raised alarm over US President Donald Trump's threat to initiate a tariff war with India, set to begin on April 2. Speaking in the Rajya Sabha on Thursday, Chidambaram called on India to unite with other global voices advocating for peace in trade relations, warning that a trade and tariff war could devastate the global economy, especially for developing nations.

Chidambaram termed tariffs as the "elephant in the room" and claimed that Trump had informed Prime Minister Narendra Modi of his intention to impose reciprocal tariffs. The former finance minister questioned whether the recent cuts in customs duties announced by the Modi government in the 2025...