A large amount of copper has flooded into the United States before Trump's decision on refined copper tariffs! The import volume in July reached the highest level in at least 12 years, and global inventories continue to shift towards the U.S.
According to the Zhito Finance APP, as U.S. President Trump is about to make a decision on whether to impose tariffs on imported refined copper, global copper trade is rapidly shifting to the United States. Data shows that the U.S. imported approximately 200,000 tons of copper in July, marking the highest monthly record since IHS Markit began tracking in 2014, as well as the fastest import rate in at least 12 years.
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