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Us President Donald Trump has once again stakes tariffs. From July 9, there is a preparation to impose 50% on Copper and up to 200% on Pharma Products. Along with this, Trump has also made it clear that the last date to implement the tariff will be 1 August, and there will be no further move. The direct impact of this decision is going to be on the economy around the world and especially India. Us Comex Copper Futures have seen a record gains of 12% after this news, as the American domestic industry can get a big benefit from it. But on the other hand, India may suffer a major setback as the US is India’s third largest customer in terms of Copper Import-FY 2024-25 India exported a $ 360 million copper to the US, which is 17% of the total exports. Apart from this, there is a matter of concern for India in the pharma sector as well.
