London copper prices fell in the afternoon session. Barclays: The impact of tariffs may be temporary.

Jin10 data July 14 news, during the European afternoon trading session, London copper prices fell due to rising trade tensions that dampened sentiment across the entire commodity market. The three-month copper futures on the London Metal Exchange (LME) fell 0.6%, priced at $9,602 per ton. President Trump’s imposition of a 30% tariff on EU and Mexican goods has raised concerns about an economic slowdown, which could weaken demand for industrial metals. Additionally, Trump announced that the U.S. will impose a 50% tariff on imported red copper starting from August 1 (though specific details have yet to be announced), which adds tariff pressure on copper prices. Barclays analysts stated that there may be a temporary demand gap due to rising costs for U.S. buyers, which could put pressure on copper prices. However, the bank expects that the impact on London Metal Exchange copper prices will be short-lived.