-
Copper market forgot Trump’s tendency to chicken out on his most extreme tariff threats
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 copper is excluded, at least until January, 2027, when a tariff may be phased in if warranted. The tariff trade, which has defined the copper market since February, has imploded. The CME’s U.S. contract plummeted by more than 20 per cent on the news, wiping ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From msn.com | Jul 31, 2025
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 ...
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 ...
TRUMP SIGNS EXECUTIVE ORDER RAISING TARIFF ON CANADA FROM 25% TO 35%; HIGHER RATE EFFECTIVE AUGUST 1, 2025 Trump sets 10% tariff on trading partners *WHITE HOUSE: TRUMP WILL MODIFY CERTAIN COUNTRIES TARIFF RATES BEFORE MIDNIGHT WHITE HOUSE: GOODS TRANSSHIPPED TO EVADE 35% TARIFF ON CANADA WILL BE SUBJECT, INSTEAD, TO A TRANSSHIPMENT TARIFF OF 40% 
Fact Sheet: President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to go into effect on August 1, 2025. • Shortly after returning to office, President Trump declared a national emergency under the International Emergency Economic Powers Act (IEEPA) to address, among other things, the public health crisis caused by fentanyl and illicit drugs flowing across the northern border into the United States. • Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the President’s actions to address this unusual and extraordinary threat to the United States. In response to Canada’s continued inaction and retaliation, President Trump has found it necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency. Goods qualifying for preferential tariff treatment under the United States-Mexico-Canada Agreement (USMCA) continue to remain not subject to the IEEPA Canada tariffs. Goods transshipped to evade the 35% tariff will be subject, instead, to a transshipment tariff of 40%. COMBATING CANADA’S CONTINUED ROLE IN THE OPIOID CRISIS: Given Canada’s continued failure to arrest traffickers, seize illicit drugs, or coordinate with U.S. law enforcement and Canada’s retaliation against the United States for the President’s actions to address the unusual and extraordinary threat to America, further presidential action is necessary and appropriate to protect American lives and the national security and foreign policy of the United States.
Fact Sheet: President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to go into effect on August 1, 2025. • Shortly after returning to office, President Trump declared a national emergency under the International Emergency Economic Powers Act (IEEPA) to address, among other things, the public health crisis caused by fentanyl and illicit drugs flowing across the northern border into the United States. • Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the President’s actions to address this unusual and extraordinary threat to the United States. In response to Canada’s continued inaction and retaliation, President Trump has found it necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency. Goods qualifying for preferential tariff treatment under the United States-Mexico-Canada Agreement (USMCA) continue to remain not subject to the IEEPA Canada tariffs. Goods transshipped to evade the 35% tariff will be subject, instead, to a transshipment tariff of 40%. COMBATING CANADA’S CONTINUED ROLE IN THE OPIOID CRISIS: Given Canada’s continued failure to arrest traffickers, seize illicit drugs, or coordinate with U.S. law enforcement and Canada’s retaliation against the United States for the President’s actions to address the unusual and extraordinary threat to America, further presidential action is necessary and appropriate to protect American lives and the national security and foreign policy of the United States.
