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Chile, Canada, and Peru oppose the US investigation into tariffs on copper
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Release time：2025-04-23
source：Https://www.mining-technology.com/
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These three countries together supplied 94% of the refined copper and copper alloys to the United States.
Reuters reported that major copper supplying countries to the U.S., including Chile, Canada, and Peru, have submitted statements to the U.S. Department of Commerce, emphasizing that their copper product imports do not pose a threat to U.S. national security and urging the U.S. to refrain from imposing additional tariffs. These three countries together supply 94% of the refined copper and copper alloy products to the U.S.
This tariff assessment is based on the national security clause of Section 232 of the Trade Expansion Act of 1962, coinciding with escalating global tariff disputes and the continued expansion of China's influence in the copper market. According to the procedure, the final ruling on this investigation will be completed in November.
Freeport-McMoRan, a major global copper producer, supports the position of the supplying countries. This company, with operations in the U.S., Chile, Peru, and Indonesia, warned that tariff measures could negatively impact the global economy. The American Chamber of Commerce in Chile pointed out that Chilean copper imports bring significant economic benefits to the U.S., and that imposing additional tariffs might indirectly benefit China, the world's largest copper consumer.
The Canadian government and the country's largest mining group similarly emphasized that free trade in copper products is in line with U.S. security interests, and that tariff measures could strengthen China's competitive advantage. Peru's Ministry of Foreign Trade and Tourism formally requested an exemption, stating that its copper exports to the U.S. pose no security risk.
According to Bloomberg, alternative solutions have been proposed within the U.S. industry: Rio Tinto and Southwire advocate for promoting industry development through export controls and regulatory reforms; the Copper Development Association, Inc. requests exemptions from tariffs on raw material imports; and Trafigura, the world's largest copper trader, suggests imposing tariffs on copper products such as wires and pipes, but maintaining zero tariffs on refined copper until domestic mining and smelting capacity increases.
It is noteworthy that, under the reciprocal tariff policy implemented by the U.S. from April 5, 2025, imports of steel, aluminum, copper, and specific minerals that cannot be produced domestically have been exempted.
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