On the eve of a 50% U.S. tariff on copper imports set to take effect August 1, copper shipments have surged by over 150% in July. Ocean spot rates from Chile to the U.S. Gulf have spiked to $100/ton, and COMEX warehouse inventories have more than doubled. But this sharp rise in volume masks an impending Q4 collapse in copper trade flows—and logistics service providers (LSPs) must brace for both.