Initial Signs of Sino-US Trade Disputes; Intraday High Consolidation of Copper Futures [SMM Copper Futures Brief Review]

Recently, US economic data fell short of expectations, raising doubts in the market about the US Fed's policy outlook. The US dollar fluctuated, showing an overall downward trend. The US-China trade dispute resurfaced as US President Donald Trump signed an executive order on February 1 to raise a 10% tariff on goods imported from China. On the Chinese side, tariffs will be raised on certain imports originating from the US. A 15% tariff will be imposed on coal and liquefied natural gas, while a 10% tariff will be applied to crude oil, agricultural machinery, large-displacement vehicles, and pickup trucks. Today, London copper fluctuated, opening at $9,178/mt in the morning session. The intraday high briefly reached $9,204/mt before pulling back, with the lowest point dipping to $9,150/mt.