巴西官员：如果美国实施关税，我们必须采取经济措施，这一点很重要。

Night session most-active contracts at the 01:00 close: SHFE rebar +1.40%, SHFE tin +0.91%, SHFE copper +0.90%, international copper most-active +0.81%, SHFE lead +0.25%, SHFE nickel +0.17%, SHFE aluminum -0.17%, SHFE zinc -0.12%, SHFE alumina -0.78%.

BNP Paribas economists say Japan will likely face continued inflationary pressure as import prices are expected to remain above pre–Middle East-crisis levels. Although Strait of Hormuz tensions have eased, a shift to higher-cost U.S. crude, sharply higher insurance premiums and a weak yen are expected to keep import costs elevated; an AI investment boom and a strong equity market should sustain domestic demand, and aggregate demand may remain robust in H2 as geopolitical uncertainty recedes.