According to SMM, regarding the overnight movement of copper prices, British media reported that Trump plans to exempt car manufacturers from certain tariffs, and the EU has proposed an initiative to purchase more US liquefied natural gas and plans to reduce tariffs on some goods. US Treasury Secretary: The US-Japan trade dialogue did not set specific currency targets, and a total of 12 US states have sued the Trump administration for "illegally" abusing tariff policies. Meanwhile, US Treasury Secretary Besant stated that America First does not mean the US is "going it alone." He reiterated that the US still adheres to a strong dollar policy. As Trump and Besant released optimistic signals on trade negotiations, the US dollar index continued its rebound, suppressing copper prices.
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