US refined copper imports exceeded 200,000 tonnes in July, setting a record for the highest monthly inflow. Refined copper is pouring into the United States at the fastest pace in at least 12 years as global traders position ahead of President Donald Trump's decision on tariffs on refined copper imports. According to IHS Markit shipping data dating back to 2014, more than 200,000 tonnes of copper arrived in the US in July, breaking the previous record for monthly inflows. This wave of imports is set to further inflate the already large US copper inventories built up over the past year. Analysts noted that if the White House ultimately decides to impose tariffs, it could trigger a final rush of shipments before the tariffs take effect; if the proposal is dropped, trade flows could reverse as traders unwind positions accumulated over the past 18 months.