Copper floods US as traders anticipate Trump tariffs while ‘Taco’ concerns loom
Traders ship more than 200,000 tonnes of the industrial metal into American ports in July to front-load anticipated levies, as fears of policy reversal persist.
Source excerpt
Spurred by US President Donald Trump’s proposed new tariffs on cathode imports, copper shipments from across the globe are flooding into the United States.
But analysts warn that should a so-called Taco scenario again unfold – as in, “Trump always chickens out” – copper prices in the US would likely fall in the short term.
IHS Markit shipping data showed that more than 200,000 tonnes of copper landed in the US last month – a 12‑year high for monthly inflows.
This was said to have pushed the combined US-based inventories of the New York Commodity Exchange (Comex) and the London Metal Exchange (LME) above 740,000 tonnes.
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