16 July 2025 | Other

US copper buyers cut imports ahead of 50% tariff introduction

US copper buyers cut imports ahead of 50% tariff introduction

President Donald Trump's decision to impose tariffs on copper imports to the US prompted traders around the world to rush metal shipments into the country throughout most of the year. There are now only a few weeks left before the 50% duty takes effect. Bloomberg reports on signs of a decline in US copper demand.

Sam Desai of RM-Metals said his company reduced its red metal purchases by 25% after the tariff hike was announced. Customers awaiting the introduction of duties are approaching copper purchases with caution. Additionally, consumers now have the opportunity to use stockpiles accumulated at the beginning of this year instead of placing new orders with distributors.

Industry representatives surveyed by Bloomberg also noted the lack of official information on which copper products will be subject to tariffs. Aviva Metals has stated that due to this uncertainty, it is impossible to make real business decisions.

Rising inflation adds to the ambiguity, as it could force the US administration to abandon the tariffs, Bloomberg says.

Period: 06.03.2026 Expectation: 500 pips
Oil finds solid footing above $80
Today at 09:54 AM 3
Period: 11.03.2025 Expectation: 730 pips
NVIDIA stock keeps climbing despite geopolitical risks
Today at 09:48 AM 3
Period: 08.03.2026 Expectation: 800 pips
Investing in Brent crude with $90 target
Today at 07:07 AM 10
Period: 31.03.2026 Expectation: 2000 pips
Selling EURUSD down to 1.1400
Today at 07:07 AM 10
Period: 13.03.2026 Expectation: 700 pips
Investing in silver with $91 in view
Yesterday at 11:42 AM 30
Period: 10.03.2026 Expectation: 650 pips
AUDUSD stays attractive on RBA rate hike bets
Yesterday at 11:30 AM 23
Go to forecasts