US EditionChile, Peru Anxiously Await Word on Trump's Proposed 50% Copper Tariff
CHILE, JUL 9 – President Trump's 50% tariff on copper imports aims to boost US production, causing prices to rise 13% to a record $5.69 per pound, impacting Chile as the top global supplier.
- On July 9, 2025, U.S. President Donald Trump announced plans to impose a 50% tariff on copper imports, raising concerns in Chile and Peru.
- The tariff aims to foster domestic copper production for critical industries, but Chile's government has received no formal details and seeks clarity on scope.
- Chile exported $50.86 billion in copper in 2024, including $6.3 billion to the U.S., while Peru's copper exports totaled $23.45 billion with $705 million to the U.S.
- Experts warn the tariff could reduce U.S. demand and lower prices, potentially harming producer earnings, while Chilean officials caution it might discourage mining investment and affect employment.
- Chile and Peru are pursuing trade exemptions and considering redirecting exports amid growing copper demand exceeding global production capacity, posing challenges for their economies.
57 Articles
57 Articles
Chile’s Minister of Mining, Aurora Williams, reiterated this Thursday that the Chilean government has not received precise information on how the copper tariffs announced by US President Donald Trump would be implemented. “There has been no official notification and, therefore, we do not know the precise scope of these decisions that have been communicated in still very general terms. We are waiting to know those scopes to see how they could imp…
Chile reacciona con cautela al anuncio de EE.UU. de imponer aranceles al cobre
La ministra de Minería de Chile, Aurora Williams, reiteró este jueves que el Gobierno chileno no ha recibido información precisa sobre cómo serían implementados los aranceles al cobre anunciados por el presidente de Estados Unidos, Donald Trump.
By Sebastian Jiménez Valencia and Jhasua Razo, CNN en Español US President Donald Trump said he will impose a new 50 percent tariff on all copper imported into the United States. Chile's President Gabriel Boric said Wednesday that he expects official US communication. Following the announcement, copper prices in the United States reached a historic peak. Copper is a crucial component in a variety of products, including electronics, machinery and…
Chile, Peru anxiously await word on Trump's proposed 50% copper tariff
U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.
Coverage Details
Bias Distribution
- 58% of the sources are Center
To view factuality data please Upgrade to Premium
