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....

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