Goldman Sachs said on Wednesday that copper shipments into the United States are expected to accelerate in the coming weeks following U.S. President Donald Trump's announcement of a 50% tariff on imported copper.

For India – the world’s largest supplier of generic medicines to the United States and an emerging player in copper-based manufacturing – the implications are significant.

WASHINGTON: US President Donald Trump on Tuesday (Jul 8) said he would impose a 50 per cent tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide.