# Trump's Copper Shock Hits Silver | Gold News

> US copper futures plunged about 20% in an hour after the White House cancelled a planned 50% tariff on refined copper imports, focusing instead on semi-finished goods. Silver gains for July were trimmed as copper's shock spilled over into precious metals.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/23667-trump-s-copper-shock-hits-silver-gold-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The reversal of a major tariff shows how quickly trade policy can reprice commodities; for feed buyers the effect is mostly through metals and trade-policy sentiment rather than feed grains.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-03 | [Trump's trade war salvo heightens market turbulence](https://feedsoft.ai/events/26267-trump-s-trade-war-salvo-heightens-market-turbulence.md) | -0.0% | -0.6% |
| DXY | 2019-05-30 | [China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News](https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new.md) | -0.4% | -1.7% |
| DXY | 2025-01-21 | [Morning Bid: 'Stop-Go' Trump tariff trades whiplash dollar \| Reuters](https://feedsoft.ai/events/12675-morning-bid-stop-go-trump-tariff-trades-whiplash-dollar-reuters.md) | -1.1% | -1.7% |
| DXY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | -1.0% | -0.8% |
| DXY | 2018-01-29 | [Market Confusion On U.S. Dollar, Euro Strength And New Inputs \| Investing.com](https://feedsoft.ai/events/67190-market-confusion-on-u-s-dollar-euro-strength-and-new-inputs-investing-com.md) | +0.4% | +1.0% |

## Sources

- bullionvault.com: https://www.bullionvault.com/gold-news/gold-price-news/copper-silver-tariffs-073120251

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.