US EditionU.S. copper tariffs threat met with shrugs, skepticism, though risks remain
UNITED STATES, JUL 9 – The tariff plan targets copper amid rising prices fueled by electric vehicle demand, with experts warning it may increase costs for U.S. manufacturers and consumers.
- U.S. President Donald Trump announced plans to impose 50-percent tariffs on copper imports, aiming to boost domestic production.
- Eugene Lei of Hudbay Minerals Inc. stated that the tariffs are driven by a similar rationale to existing steel and aluminum tariffs.
- Derek Holt from Scotiabank noted that the market remains skeptical and has not reacted significantly to the threat while waiting for proof of the tariffs' implementation.
- Pierre Gratton, president of the Mining Association of Canada, expressed concerns that these tariffs would harm U.S. manufacturers and benefit China.
39 Articles
39 Articles
By Verónica Calderón Chilean Mining Minister Aurora Williams reiterated this Thursday that the Chilean government has not received precise information about how the copper tariffs announced by U.S. President Donald Trump would be implemented. “There has been no official notification, and consequently, we do not know the exact scope of these decisions, which have been communicated in very general terms. We are waiting to learn this scope to see h…
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U.S. copper tariffs threat met with shrugs, skepticism, though risks remain
U.S. threats to impose 50 per cent tariffs on copper imports have been met with shrugs by Canadian mining companies and skepticism by analysts, though long-term risks remain. U.S. President Donald Trump's declaration on Tuesday of the coming tariffs came before a study on their need had been release...
Trump's Tariffs: A New Chapter in Global Trade Tensions
Trump's Tariffs: A New Chapter in Global Trade Tensions In a bold move, former U.S. President Donald Trump has escalated his tariff strategy by announcing a 50% tariff on U.S. copper imports and Brazil's goods. Starting August 1, 2025, these tariffs are part of a broader initiative aimed at revitalizing the American copper industry, which Trump claims has suffered under previous administrations.The announcement quickly reverberated across global…
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