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09 Jul 2025
Trump’s 50% tariff shocker stokes copper market mayhem
Summary: US President Donald Trump announced a 50% tariff on copper imports, causing a surge in US copper futures prices. However, the lack of clarity on implementation details and the potential for exemptions have led to uncertainty and a decline in London and Shanghai futures. Analysts anticipate a potential pullback in copper prices if the tariff is implemented, but China’s significant demand for copper remains the primary driver of global pricing.