Copper and other metals are cheaper on the London stock exchange following the announcement by the US of additional obligations towards China. Donald Trump May Increase Customs Duty For Products From China.
Copper in three-month shipments at the LME in London is valued at $ 6,754.00 per tonne after a 0.9 percent discount.
US President Donald Trump said Thursday that he is considering imposing additional duties on Chinese products worth $ 100 billion. Last week, President Trump imposed $ 50 billion in criminal duties on Chinese products.
Earlier - on April 4 - both the United States and China said they were ready to negotiate at customs, and this calmed the markets. “Base metals are cheaper on Friday - again due to escalating trade tensions between the US and China,” said Priyanka Javery, vice president of Kotak Commodity Services. "The market will now focus on data from the US labor market in order to get hints of the rate of growth of interest rates from the Fed," he adds.
Copper on the LME increased by $ 92 on Thursday to $ 6,816.00 per tonne.
Copper prices decline after important announcement from Donald Trump
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