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China PMI support, US tariff risk – Commerzbank

Commerzbank’s Barbara Lambrecht notes that the LMEX index remains under pressure even as China’s manufacturing PMI edges above 50, supporting Copper via AI-driven exports. She highlights a US study deadline on potential refined Copper tariffs that could spur pre-emptive US demand and further COMEX stock builds. A Trump decision to…

Fourth of July cookout costs hit record high as inflation rises 4%

Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a new report finds. The American Farm Bureau Federation’s Summer Cookout Cost Survey finds that in 2026, a classic Fourth of July cookout for 10 people will cost $73.82, or about $7.38 per person. That amounts to an increase of $2.90, or 4% compared with a year ago.The basket of goods…

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Trump pauses tariffs on Moroccan phosphate fertilizer imports

President Donald Trump on Monday declared an emergency aimed at protecting the U.S. food supply and temporarily suspended import duties on certain Moroccan fertilizer products. Under the presidential emergency declaration, phosphate fertilizer imported from Morocco will no longer face tariffs for up to eight months or until the emergency declaration…

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