On July 8, 2025, US President Trump announced at a White - House cabinet meeting that he planned to impose a new 50% tariff on all copper imported into the US, which has attracted widespread attention. The news sent New York copper futures prices soaring, triggering shockwaves in the global metal market.
Copper is a crucial industrial raw material, widely used in electronic manufacturing, the automotive industry, construction, and data centers. If the tariff policy takes effect, many sectors of the US economy will face a surge in costs. This could lead to price increases for related products, affecting consumer purchasing power and suppressing market demand. It will also have a significant impact on the global copper market and related industries.
In addition, this move may trigger a large - scale chain reaction in the global metal market supply chain. Traders are transporting copper to the US on an unprecedented scale to complete transactions before the tariff policy is implemented, which may lead to a short - term oversupply in the US copper market and a supply shortage in other countries and regions, especially major copper - consuming countries. The future market trend remains highly uncertain, and all parties need to closely monitor subsequent policy dynamics and market changes.
