Copper futures trade steady on tariff anxiety

Copper futures were trading almost steady with negative bias on Monday due to growing investor anxiety surrounding US President Donald Trump's tariff policy. US Commerce Secretary Howard Lutnick said August 1 is the hard deadline for countries to start paying tariffs, although he also added that nothing stops countries from talking to the United States after August 1. However, some falls were limited as the world’s top metal consumer China left its benchmark loan prime rate unchanged at historic lows, as widely expected. 

Copper futures for September delivery lost $0.0030 or 0.05% at $5.6015 a pound on the Comex metals division of New York Mercantile Exchange.