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China feels the ripple effect of US copper tariff trade
China’s net imports of refined copper dropped to a one-year low in July as the world’s largest buyer found itself in competition with the US for metal. The scramble to ship copper to the US ahead of threatened tariffs, deferred for now, extended to China’s bonded warehouse stocks. China “exported” 121,000 metric tons of copper to the US in the first seven months of 2025. The shipments started after President Donald Trump announced a national security investigation into US copper import dependency in February. However, since US customs counted in only 15 tons of refined Chinese copper over the first half of ... (full story)