Parliament Monsoon Session Highlights: Govt examining Trump tariffs' implications, says Piyush Goyal

After Commerce minister Piyush Goyal's statement on Trump tariffs on India in Rajya Sabha, Deputy Chairman Harivansh adjourned the House till 11:00 AM on Friday, August 1.

Rajya Sabha deputy chairman Harivansh announced on Thursday, "In this Monsoon session, we had the opportunity to raise 120 questions, 120 zero hour submissions and 120 special mention whereas only 11 questions, 3 zero hour submissions and 17 special mentions could be done. Total time lost was 30 hours and 6 minutes. This time was Members' time and not government business time."

Commerce minister Piyush Goyal said in Lok Sabha, "In less than a decade, India came out of 'Fragile Five' economies and it has now become the fastest-growing economy of the world. On the basis of the hardwork of reforms, farmers, MSMEs and industrialists, we have come in the top 5 economies of the world from the 11th largest economy. It is expected that we would be the third largest economy in a few years. Today, global institutions and economists see India as a bright spot in the global economy."

Commerce minister Piyush Goyal said that the government is examining the implications of the 25 per cent tariff imposed by Donald Trump on Indian goods.

Amid Trump's 25 per cent tariffs on the country, Commerce minister Piyush Goyal said in Lok Sabha that India will take all steps to protect national interests.

Piyush Goyal said in Lok Sabha, "On 2nd April 2025, the US President issued an executive order on reciprocal tariffs...10% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was announced for India. Full country-specific additional tariff was scheduled to come into effect on 9th April 2025. But on 10th April 2025 this was extended initially for 90 days and then extended till 1st August 2025."

Amid heavy sloganeering from the Opposition after Piyush Goyal's statement on Trump tariffs on India, Lok Sabha Speaker Om Birla adjourned the House till Friday, August 1, 11:00 AM.

Commerce minister Piyush Goyal explained that between the deadline on tariffs till now, four rounds of talks have taken place between the US and Indian officials.

Union commerce minister Piyush Goyal is informing Lok Sabha about the Trump tariffs on India.

Lok Sabha proceedings resume.

Shiv Sena MP Milind Deora reacted to the tariffs imposed by US President Donald Trump on India and said, "After the coronavirus pandemic, countries like India and the US are looking for a global supply chain. In an unpredictable and unique era of global geopolitics and trade diplomacy, one thing is clear: when a country like the US imposes tariffs on other countries, the country unites, and the opposition stands in support of the government."

"In India, unfortunately, there are still some people in the opposition who prefer to rejoice and celebrate temporary setbacks. I can only hope and pray that they will mature, grow up and learn to put country before politics," he added.

Congress MP Randeep Surjewala told news agency ANI that the opposition is only asking PM Modi three things. "First, come forward and say that Trump is a liar. Second, contest Trump's claims that the ceasefire with Pakistan was not pushed through because of trade by Trump and was entered into otherwise. Yesterday, in the Rajya Sabha, the External Affairs Minister admitted receiving calls from other countries, including the US Secretary of State, Vice President JD Vance, and President Trump, who tweeted about the ceasefire before India and Pakistan declared it."

"This prevented Indian forces from fighting and finishing the factories of terror once and for all... India's military leadership, including CDS and defence attaches, blames the political leadership for the incomplete operation against Pakistan. Instead of answering these questions, they blame Pandit Nehru. It's time they face reality," he added.

Reacting to the 25 per cent tariff that the US has imposed, Azad Samaj Party president and MP Chandrashekhar Azad told news agency ANI, We extended a hand of friendship, and they stabbed us in the back... Whether it’s their remarks on the Pahalgam attack and Operation Sindoor, humiliating India and the Indian government on the international stage, aiding the Pakistani government, or imposing tariffs on India to disrupt our economic policy."

"Our government should bring a condemnation resolution against them, and we will all support it. No one has the right to question India, which leads a population of 1.4 billion. This is not friendship by any means," he added.

Both the Lok Sabha and Rajya Sabha has been adjourned till 4 pm.

Parliament Monsoon Session LIVE updates: The Rajya Sabha has been adjourned till 2 pm on Thursday.

Parliament Monsoon Session LIVE updates: Home Minister Amit Shah, while speaking in Rajya Sabha, said that Naxalism will end in the country by March 31, 2026.

Parliament Monsoon Session LIVE updates: Home Minister Amit Shah on Thursday lauded Prime Minister Narendra Modi-led government over successfully conducting G20 Summit.

Parliament Monsoon Session LIVE updates: Congress leader Rahul Gandhi said everybody except PM Modi and Finance Minister Nirmala Sitharaman know that India is a “dead economy”, as he alleged that the BJP-led government has destroyed India's economic, defence and foreign policies. Speaking with reporters, Gandhi also claimed that a trade deal with the US will happen and Trump will define it, while PM Modi will do what the American President tells him to do.

Parliament Monsoon Session LIVE updates: The Rajya Sabha has been adjourned till 12 pm amid a ruckus in the house.

Parliament Monsoon Session LIVE updates: Several MPs of the INDIA bloc parties, including Sonia Gandhi, protested in the Parliament House complex for the eighth consecutive day on Thursday against the voter roll revision in Bihar and demanded its rollback. Several leaders, including Priyanka Gandhi, SP chief Akhilesh Yadav, and other opposition MPs raised slogans and protested against the Special Intensive Revision (SIR) of electoral rolls in Bihar.

Parliament Monsoon Session LIVE updates: The opposition MPs in Lok Sabha created a ruckus in the house over several demands, including a discussion on SIR.

Parliament Monsoon Session LIVE updates: DMK MP Tiruchi Siva submitted a Suspension of Business Notice under Rule 267 in the Rajya Sabha on Thursday, seeking an urgent discussion on the Special Intensive Revision of electoral rolls currently underway in Bihar. The notice flags "concerns about the disenfranchisement of citizens and threatens universal adult franchise in the country."

Parliament Monsoon Session LIVE updates: The floor leaders of the opposition INDIA bloc gathered for a meeting at Parliament House in New Delhi to strategize and strengthen the opposition voice.