Citi predicts that the U.S. will implement a 25% tariff on copper imports by This fall 2025

The information on Cit’s outlook comes through a gated Reuters report. Briefly:

Citi predicts that the U.S. will implement a 25% tariff on copper imports by the fourth quarter of 2025, following an govt order by President Donald Trump to research copper commerce. The order goals to bolster home copper manufacturing, which is essential for electrical autos, army gear, and infrastructure.

• In anticipation, Citi expects the one-year ahead COMEX copper premium over LME to replicate an eventual 25% tariff
• Earlier than tariffs take impact, U.S. patrons could stockpile copper, briefly driving up costs, however this might reverse as soon as the duties are imposed.

Citi additionally warns that tariffs could also be enforced earlier by reciprocal commerce measures or country-specific duties, similar to these imposed on Canada and Mexico.

• Reciprocal tariffs on copper imports might arrive as early as Q2 2025 as a part of broader commerce insurance policies.

The investigation covers a number of copper varieties, together with uncooked ore, refined steel, alloys, scrap, and completed merchandise. Whereas the official evaluation interval extends till November 2025, previous circumstances on metal and aluminum counsel the method may speed up. Citi expects the tariff to be applied no sooner than Might 2025.

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Earlier:

• Goldman Sachs sees copper market step-up in value vary, to $10,500-$11,500/t.

US copper tariffs are a weird technique however spotlight an actual scarcity

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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