23 July 2025 | Other

US copper imports surge ahead of looming 50% tariffs on August 1

US copper imports surge ahead of looming 50% tariffs on August 1

With just days left before steep new tariffs on copper imports take effect in the US, at least four cargo ships are accelerating deliveries to American ports in a last-minute rush to avoid hefty duties, Mining Weekly reports. Starting August 1, President Donald Trump’s 50% tariff on imported copper will finally go into force.

One vessel, the Kiating, has already changed its destination from New Orleans to Hawaii, reducing its arrival time by 20 days. Three other bulk carriers loaded with Chilean copper are also speeding toward US shores. For major traders like Glencore and Trafigura, beating the deadline could mean savings of about $70 million per 15,000-ton shipment. 

Since Trump’s tariff announcement, New York copper prices have surged, opening a rare arbitrage window. However, uncertainty lingers over customs clearance for shipments in transit after August 1, and experts suggest that traders may prioritize clearance queues at ports to expedite processing. Still, logistical challenges could complicate last-minute deliveries.

Anton Volkov MarketCheese
Period: 07.08.2026 Expectation: 1600 pips
Invest in AUDUSD up to 0.71000
Today at 10:14 AM 10
Period: 07.08.2026 Expectation: 4000 pips
Buying Bitcoin with $67,250 in sight
Today at 09:37 AM 9
Brent sell
Period: 14.07.2026 Expectation: 280 pips
Selling Brent crude with $70 target amid rising supply
Today at 09:33 AM 5
Period: 31.08.2026 Expectation: 1000 pips
EURUSD sell-off starts from 1.1550
Today at 09:30 AM 6
Period: 14.07.2026 Expectation: 3500 pips
TSLA sell-off targets $385 on limited growth potential
Today at 08:28 AM 5
Period: 13.07.2026 Expectation: 890 pips
EURUSD still has some growth potential after correction is over
Yesterday at 10:19 AM 29
Go to forecasts