Trump Targets India with Massive Tariffs on Copper, Pharma, and BRICS Amid Complex Trade Negotiations
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Trump Targets India with Massive Tariffs on Copper, Pharma, and BRICS Amid Complex Trade Negotiations
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Trump has announced a new 50% tariff on copper imports, to take effect at the end of July or August 1. India, as the US’s third-largest copper supplier, exported $360 million in copper to the US last year. Indian government officials are evaluating the impact, but with solid domestic demand for copper, the overall shock may be cushioned. Yet, this is a clear signal of toughening US trade policy towards India.
The bigger jolt could come to Indian pharmaceutical exporters. Trump is warning of tariffs up to 200% on pharmaceutical imports after an 18-month transition. As the US is India’s largest pharma export destination, any implementation of these tariffs would disrupt a sector worth billions annually. Indian industry leaders are preparing for possible realignment of global supply chains if these duties are enacted, likely pushing firms to target other markets or boost competitiveness.
BRICS membership is also putting India in the US tariff crosshairs. Trump has reiterated that all BRICS members, including India, will face an extra 10% tariff, accusing the bloc of trying to undermine the US dollar. He stated, “They will certainly have to pay 10% if they are in BRICS because BRICS was set up to hurt us, to degenerate our dollar... The Dollar is king. We are going to keep it that way.”
Despite these threats, India and the US are in the final stages of negotiating a “mini trade deal,” with both sides aiming to double bilateral trade to $500 billion by 2030. Sensitive issues—especially agriculture and dairy—are being set aside for later phases to keep talks on track. As of now, the focus is on industrial goods, with India pushing for US tariff cuts on apparel, textiles, gems, leather, engineering goods, and more. At the same time, Washington is pressing for Indian concessions on automobiles, petrochemicals, and easing restrictions on genetically modified crops and cattle feed.
President Trump’s hard August 1 deadline for new tariffs remains unchanged, and official letters have been sent to 14 countries laying out the new rates, some as high as 40%. Notably, India was excluded from this initial list—giving negotiators hope for a deal before the US “reciprocal” tariff of up to 27% on Indian exports kicks in. However, both sides remain far apart on agricultural access and data localization, and Indian officials insist deals will be made only “when the deal is good, fully matured, and in the national interest.”
India continues to seek a win-win outcome, even as the Trump administration eyes a more aggressive trade correction. If a breakthrough comes soon, Indian exports of specific goods like motorcycles, whiskey, and textiles may see easier US access, but what India will gain in return remains under negotiation.
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