26 March 2025 | Other

US tariffs on copper imports may be imposed in coming weeks – Bloomberg

US tariffs on copper imports may be imposed in coming weeks – Bloomberg

According to information from insiders reported by Bloomberg, US tariffs on copper imports may be announced several months ahead of the scheduled deadline for the decision. The sources said it could happen within a few weeks.

In February, US President Donald Trump instructed the Department of Commerce to investigate the possibility of imposing tariffs on copper and submit a report within 270 days. However, according to an official familiar with the process, the administration is conducting the review at an accelerated pace and the results could be summarized well before the agreed-upon date, Bloomberg reports.

Donald Trump has previously announced his intention to impose duties of 25% on all copper imports.

Against that background, copper rose 3.1% to a record high of $5.3740 a pound during New York trading, before slipping slightly to $5.3005. The benchmark price in London dipped a little to $10,100 per ton, widening the price gap between the two contracts to more than $1,600 per ton.

The significant price difference between London and New York led to a sharp increase in copper supply flows to US warehouses. As Bloomberg experts note, this poses a threat of supply shortages in other regions.

Period: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
11 September 2026 51
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
11 September 2026 40
Period: 25.09.2026 Expectation: 2800 pips
Buying Tesla stock with $390 in view
11 September 2026 61
Period: 10.10.2026 Expectation: 2500 pips
Buy AUDCAD upon breaking 1.00000
10 September 2026 45
Period: 24.10.2026 Expectation: 8500 pips
Invest in ETHUSD with $2,565 target
10 September 2026 52
Period: 23.09.2026 Expectation: 2500 pips
NVIDIA sell-off targets $200
09 September 2026 91
Go to forecasts