July 9, 2025 02:34 AM GMT China Materials | Asia Pacific Morgan Stanley Asia Limited+ US Set to Announce 50% Copper Tariffs - Chinese Equity Implications Commodity implications: As per our commodities team (Note link), the development is 1) Positive for COMEX copper: COMEX copper is a duty-paid price with all COMEX warehouses located in the US, and therefore should reflect the cost of bringing metal into the US given the US is a net importer. However, the sizeable inventory build-up that has taken place sho ...