– Commercial –
With the US imposing steep copper tariffs and hinting at a 200% levy on prescription drugs, India’s $10 billion export sectors brace for affect except a commerce deal is struck earlier than August 1.
July-9, 2025: Washington/New Delhi –
In a daring escalation of his protectionist commerce agenda, US President Donald Trump on Tuesday introduced a 50% tariff on copper imports and issued a stern warning of a 200% tariff on pharmaceutical merchandise imported into the US. These proposed measures are more likely to have critical implications for India, which counts the US as a high buying and selling accomplice in each copper and prescription drugs.
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⚙️ Trump’s New Tariff Blitz
Talking throughout a cupboard assembly, Trump declared:
“As we speak we’re doing copper. I consider the tariff on copper, we’re going to make it 50%.”
This transfer builds on earlier duties positioned on metal and aluminium and instantly triggered a surge in world copper costs. Trump confirmed the brand new tariffs can be efficient by July-finish or August 1.
– Commercial –
Commerce Secretary Howard Lutnick later bolstered that tariffs can be rolled out aggressively and confirmed that research into prescription drugs and semiconductors can be accomplished by month-finish, probably triggering extra commerce obstacles.
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💊 Pharma Warning: 200% Tariff on the Horizon
Trump additionally issued a huge tariff warning on prescription drugs, saying:
“We’ll give producers a 12 months, possibly a 12 months and a half to relocate manufacturing to the US. After that, we’re imposing a really excessive tariff—like 200%.”
That is significantly worrisome for India’s booming generic drug exports, which type the spine of reasonably priced healthcare within the US.
🌍 The BRICS Issue
Trump didn’t maintain again on geopolitics both. He reiterated a 10% blanket tariff menace on all BRICS member nations (Brazil, Russia, India, China, South Africa), calling the bloc “not a critical grouping” however one which’s difficult the US greenback’s dominance.
“It’s alright if you wish to problem the greenback. However you’ll have to pay the tariffs. I don’t assume they need that,” Trump warned.
🇮🇳 What This Means for India
🪙 Copper Exports at Danger
India exported $2 billion price of copper and copper merchandise globally in FY2024–25, with $360 million (17%) going to the US, its third-largest copper market. The brand new tariffs might squeeze this sector’s margins, although home demand may take in the surplus provide.
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💊 Pharma May Take a Main Hit
The larger concern lies with India’s $9.8 billion pharma exports to the US, which account for 40% of India’s whole drug exports. A 200% obligation may cripple demand, undercutting the pricing benefit of Indian generics on the planet’s largest pharmaceutical market.
🔄 Commerce Deal Could Be India’s Greatest Hope
India and the US are at present negotiating a mini commerce settlement, and authorities officers say the August 1 deadline is important. If the deal is inked in time, the proposed tariffs will not be enforced on Indian exports.
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