[Trade War Escalation Disrupts Market, LME Copper Closed Lower While SHFE Copper Edged Higher] Macro side, Trump stated that if the EU does not remove the liquor tax, he is expected to impose a 200% retaliatory tariff on wine and champagne. The escalation of global trade tensions dampened market confidence, leading to a decline in US stocks. The US dollar index jumped initially and then pulled back, putting pressure on LME copper, which closed lower. Domestically, the central bank held a meeting and indicated that it would implement a moderately loose monetary policy and is expected to conduct RRR cuts and interest rate cuts when appropriate, providing strong macro policy support for SHFE copper.