SLVO - Commodities: Risk On After U.S. And China Lower Tariffs
2025-05-12 10:10:00 ET
Summary
- Oil and metals prices rose after the US and China said they will temporarily lower tariffs on each other’s products.
- The US is reducing its levies on most Chinese imports from 145% to 30% and China is lowering its duties on US good from 125% to 10% for 90 days.
- The latest data from the Shanghai Futures exchange shows that weekly inventories for all base metals (except lead) fell over the reporting week.
By Ewa Manthey & Warren Patterson
Metals – Copper jumps on trade optimism
Copper and other industrial metals rose this morning, with easing trade tensions giving metals markets a boost. At a briefing following the talks, US Treasury Secretary Scott Bessent said neither nation wanted their economies to decouple....
Commodities: Risk On After U.S. And China Lower Tariffs