Tag: copper market reaction Trump

US: Trump imposes 50% tariff on copper imports; prices plummet as refined metal gets exemption

Jul 31, 2025

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by

Drishya Yadav

in Uncategorized

COMEX copper futures record steepest single-day decline of 20% Order requires 25% of high-grade US scrap to be sold domestically On 30 July 2025, US President Donald Trump signed a proclamation imposing a 50% universal tariff on semi-finished copper products (pipes, wires, rods, sheets, tubes) and copper-intensive derivatives (fittings, cables, connectors, etc.). While initially scheduled…