SMM

Trump: Tariff Suspension Is Due to a Transition Period. SHFE Tin Prices Continue to Fluctuate Amid Tariff Issues [SMM Tin Morning Briefing] On tariffs: ① Vance: The US and the UK Are Highly Likely to Reach a "Great Deal" on Trade. ② Canada Will Grant a 6-Month Tariff Suspension on Some US Goods, Conditionally Exempting Some Countermeasures Against US Auto Imports. ③ US Media: Minimal Progress in Negotiations, EU Expects US Tariffs to Remain in Place. ④ White House: Over 15 Trade Agreements Are Currently Under Active Review. ⑤ Mexico Tightens Inspections, Fuel Imports from the Texas Border Have Stalled. ⑥ Trump: The Tariff Suspension Is Due to a Transition Period and the Need for Flexibility. ⑦ The US Launches an Investigation into National Security Risks Posed by Dependence on Imported Processing of Critical Minerals and Their Derivatives. Spot Market: The spot market was quite active yesterday. Most traders reported that transactions were around two truckloads, with downstream and end-user customers showing strong interest in inquiries. Although procurement volume was lower than last week, market transactions remained relatively active. The majority of downstream and end-user enterprises completed partial restocking last week and plan to restock at lower prices this week, with sentiment of wait-and-see increasing.