On July 9th, US President Trump suddenly announced a 50% tariff on all imported copper! This heavyweight policy directly triggered the global market, and the price of New York copper futures surged by 17% in a single day, setting a historic increase!

Screenshot source: Bloomberg

Copper is the third largest consumer metal in the world, second only to iron and aluminum. Almost half of the copper consumption in the United States comes from imports, with the majority coming from Chile. After Trump suddenly announced the imposition of tariffs, copper futures prices on the New York Stock Exchange soared by 17% to a record high of $5.8955/pound.

Screenshot source: CCTV News

Policy Details

50% import copper tariff: effective immediately, covering all imported copper products.

Semiconductor tariff forecast: Trump revealed that he will soon introduce semiconductor tariff policies, but did not disclose specific tax rates and timelines.

The "America First" strategy: Trump called this policy "both cheap and fair," aimed at protecting local industries and reshaping global supply chains.

market impact

Copper prices skyrocket: The global copper supply chain is facing an impact, with mining stocks and commodity markets experiencing severe volatility.

Export country pressure: Copper exporting countries such as Chile and Peru may suffer heavy losses, and the risk of trade frictions may escalate.

Semiconductor industry warning: If tariffs are imposed in the future, the cost of technology manufacturing may further rise.

Expert analysis: This tariff policy may accelerate the restructuring of the global supply chain, forcing companies to adjust their procurement strategies, and market fluctuations may continue to intensify in the short term.