US retail organizations urged Trump to abandon the tariff policy. SHFE tin prices jumped initially and then pulled back during the night session. [SMM Tin Morning Brief]

US Retail Organizations Urge Trump to Abandon Tariff Policy. SHFE Tin Prices Jump Initially and Then Pull Back in Night Session [SMM Tin Morning Brief] US retail organizations urged Trump to abandon the tariff policy. Before Trump announced the tariff hike, the Retail Industry Leaders Association called on the government to shift its focus. The organization stated that it strongly urged Trump to double down on policies from his first term, such as the Tax Cuts and Jobs Act and the USMCA, which would achieve growth while reducing costs, and also urged Trump to abandon policies that bring uncertainty to US businesses and families. Michael Hanson, who leads public affairs for the organization, said in a statement, "Americans are counting on Trump to help make life more affordable, and families, after years of rising prices, also hope for financial certainty when planning their budgets." In yesterday's night session, SHFE tin prices jumped initially and then pulled back, reaching a high of 292,600 yuan/mt, and hovered at highs towards the end of the session, closing at 289,000 yuan/mt. Affected by the continuous rise in SHFE tin prices, spot market transactions remained sluggish yesterday, with some back-priced customers preparing to replenish margins.