Rubber futures rose to 169 US cents per kg, amid escalating trade tensions between the U.S. and China.
President Trump temporarily paused tariffs for 90 days but later imposed new tariffs of 145% on Chinese goods, increasing trade strain.
The tariffs’ direct impact is expected to affect Chinese rubber exports to the U.S., contributing to concerns about reduced global demand and economic slowdown.
Despite this, some traders believe that due to adverse weather conditions in major producing countries in Asia might limit production and support prices.
Additionally, a stronger yen and warnings of crop damage in Thailand due to storms also influenced market sentiment.
