On June 15, the U.S. Supreme Court declined an appeal by a group of importers, upholding a September 2025 federal appeals court decision to leave in place Section 301 tariffs on goods from China that were increased during President Trump’s first term.

Plus, U.S and Iranian officials announced a peace agreement to end their nearly four-month conflict.

Demand from data centers and electrification continues to push copper, steel and PVC prices, while aluminum faces ongoing supply disruptions tied to Middle East conflict and China production concerns.