Copper futures on the New York Mercantile Exchange (NYMEX) rose sharply in the short term, with the most-traded COMEX copper September contract expanding its gains to 2.6%, and the August contract's gains reaching 3%. This came after Trump announced that a 50% tariff on imported copper would take effect on August 1.
According to a report from the CCTV News app, on July 9 local time, US President Trump announced on the social media platform "Truth Social" that the US would impose a 50% tariff on imported copper, effective from August 1, 2025.
(As of 9:52 a.m. on July 10, COMEX copper market trends)
(Wenhua Comprehensive)
