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Copper Tariff U-Turn Sends Both Relief, and Shockwaves Through U.S. Supply Chains
In an 11th-hour reversal, the White House has exempted refined copper products, including cathodes, scrap and concentrates, from a looming 50% import tariff. Effective August 1, 2025, copper tariffs will only apply to semi-finished copper goods The surprise exemption caught metal markets off guard and sent U.S. copper prices into freefall. COMEX copper futures plunged over 17% after the announcement, erasing a hefty premium over London Metal Exchange prices that had built up in anticipation of a broader tariff. This means that traders who rushed to import refined copper ahead of the deadline are now sitting on ... (full story)
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India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT
From zawya.com | Aug 4, 2025
Copper prices rose 1% on Monday on supply fears after a fatal mining collapse in Chile, the world's biggest producer, but gains were capped by concerns over the global economy. Three-month copper on the London Metal Exchange reached $9,722.50 a metric ton by 0930 GMT, building on Friday's modest gains. LME copper has rebounded by a fifth since touching its ...
Since the start of 2025, US copper prices have surged to unprecedented highs, fueled by the market anticipation of the 50% tariff on imported copper goods under President Trump’s administration trade agenda. The market rally was largely triggered by the fears of possible supply disruptions and increased costs of copper raw materials for the US manufacturers ...
