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Trump Tariff Surprise Triggers Implosion of Massive Copper Trade
The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. US President Donald Trump went ahead with 50% tariffs on copper imports but exempted refined metals, which are the mainstay of international trading. The move triggered a record plunge for US prices after a period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. “The blow-out in the CME-LME spread has been touted as one of the most profitable commodity trades in modern ... (full story)
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From theglobeandmail.com | Jul 31, 2025
The copper market got the tariff right but the products wrong. U.S. President Donald Trump’s proclamation “to address the effects of copper imports on America’s national security” was not what traders were expecting. There will be 50-per-cent tariffs on copper imports effective Friday but only on semi-manufactured products such as wire and tube. Refined ...
From cnbc.com | Jul 31, 2025
A major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will boost the domestic copper production industry, applies to semi-finished products such as pipes, rods, sheets and wires. It also impacts copper-intensive items ...
From msn.com | Aug 1, 2025
President Trump's decision to exempt refined copper from an import tariff is a "surprise," but the move is not expected to alter market fundamentals, Goldman Sachs analysts said Thursday. Trump went ahead with 50% tariffs on copper imports but exempted refined metals, which are the mainstay of international trading, and the move sparked a record plunge for ...
