US President Trump confirmed a 10% tariff on all BRICS nations, including India, citing them as a threat to the US dollar.
India is still waiting for the finalization of a trade deal as Trump intensifies tariff measures, hinting at steep duties on key imports like pharmaceuticals and copper.
India exported $360 million worth of copper products to the US in 2024-25, while the US is India's largest overseas pharmaceutical market.
Trump implied the US will take action against several countries with tariffs, emphasizing non-traditional deal-making and claiming countries may offer market access for tariff waivers.