METALS-Metals trend lower on dollar strength after Trump's tariff remark

SHANGHAI, Jan 21 (Reuters) - Most base metals declined but remained rangebound due to a rebound in the U.S. dollar amid concerns over the economic impact of President Donald Trump's tariff talks. Three-month copper CMCU3 on the London Metal Exchange (LME) slid 0.4% to $9,242 a metric ton by 0138 GMT. The dollar rebounded after Trump suggested the U.S. could impose tariffs on Canada and Mexico in the near future, though details were lacking. The greenback index was last at 108.46, up 0.4% from Monday, but slightly below the 26-month high of 110.17 touched last week. In his inauguration address, Trump neither targetted China nor did he immediately impose tariffs as previously promised. Instead, he directed federal agencies to "investigate and remedy" persistent U.S. trade deficits, unfair trade practices and currency manipulation by other countries. "A Wall Street Journal report said Trump will refrain from implementing aggressive tariffs immediately. The report saw the USD tumble, easing headwinds for the broader commodity complex. It also offered a moment of relief to commodity markets, which have been concerned about the economic impact of such tariffs," ANZ said. A stronger dollar makes greenback-priced commodities more expensive for holders of other currencies. Meanwhile, the Federal Reserve will likely hold interest rates steady at its Jan. 29 meeting and resume reductions in March, according to a slim majority of economists polled by Reuters. LME aluminium CMAL3 eased 0.9% to $2,668, tin CMSN3 lost 0.2% to $30,345, nickel CMNI3 fell 0.3% to $16,055, lead CMPB3 shed 0.6% to $1,972 and zinc CMZN3 slid 0.2% to $2,957. The most-active copper contract on the SHFE SCFcv1 dipped 0.2% to 75,640 yuan ($10,391.68) a ton. SHFE aluminium SAFcv1 fell 0.2% to 20,400 yuan a ton, nickel SNIcv1 added 0.2% to 128,140 yuan, zinc SZNcv1 rose 0.1% to 24,255 yuan, lead SPBcv1 gained 0.2% to 16,775 yuan and tin SSNcv1 advanced 2.2% to 253,530 yuan. For the top stories in metals and other news, click TOP/MTL or MET/L ($1 = 7.2789 Chinese yuan renminbi) (Reporting by Violet Li and Mei Mei Chu; Editing by Sumana Nandy) (([email protected];)) (( For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C Foreign exchange rates FX= SPEED GUIDES LME/INDEX ))