Relaxation signals in the China-US trade dispute cause prices to rise
by David Fleschen
Relaxation signs in the trade dispute between the US and China will cause copper to rise to just under $ 5,900 a ton this morning. US President Trump has postponed, as a gesture of goodwill, the planned $ 250 billion increase in import duties on Chinese goods from October 1 to October 15. Trump may want to wait and see how the planned round of talks lasts in early October before taking the next step. Meanwhile, China is considering buying US agricultural products as a sign of goodwill before the talks. Yesterday, China had already published a list of US goods to be exempt from customs duties. How sustainable these signs of relaxation are can not be said yet. Over the past few months, there has always been cause for hope, but it has always been disappointed. The gains of copper could therefore be short-lived.
Source: Commerzbank Research, Photo: Fotolia