the copper tariff we are going to do 50%, "Trump said in response to the journalist's question during the meeting of the Cabinet of Ministers. Lynetke, speaking to CNBC shortly after a meeting of the Cabinet of Ministers, said that the investigation of his department for copper was completed, and he expects that the tax “probably will be put into effect at the end of July - perhaps on August 1.”
such news on the eve, caused formal chaos on those commodity exchanges where they sell copper.
on American The price exchanges took off as much as 20%, but on the exchanges in London and Shanghai, on the contrary, the fall of the quotes for copper began.
, in principle, everything is logical, and if Trump really introduces a fee of imported copper in this case in this case, in this case, there will be a redistribution of most of the supplies from the largest manufacturers of copper from the American market primarily in China.
And in the Chinese copper market itself, premiums for physically starts to fall, and an excess from the offer will arise for some time, and in such a situation the cost of copper in the markets of Asia will fall, and then in Europe.
In the moment it will be necessary to expect a very decent drop in the cost of copper outside the American market, provided that these declared duties will still be activated, and and I suppose that the shares of large copper manufacturers who are traded on exchanges in America can also decently lose in price, such as FCX (illustration above) despite yesterday's growth on the news about duties.
https://www.bloomberg.com/news/articles/2025-07-08/comex-surges-to--arm-trump-for-50 -tariff
