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Source: AFP
Chile, the world's biggest copper producer, said Wednesday it was awaiting an "official" follow-up connected US President Donald Trump's announcement of a 50 percent tariff connected imports of the metal.
The South American state is liable for astir a 4th of planetary copper supply, which contributes 10 to 15 percent to its GDP.
"The authorities reacts to these matters with caution, arsenic is due successful diplomacy," President Gabriel Boric told reporters Wednesday.
He said helium was awaiting "official connection from the United States authorities regarding the policy" connected copper duties, aft which "we volition beryllium capable to respond with the organization spot that characterizes Chile."
Trump connected Tuesday told a furniture meeting: "I judge the tariff connected copper, we're going to marque it 50 percent."
He did not acceptable a deadline but Commerce Secretary Howard Lutnick said the complaint volition apt instrumentality effect by the extremity of July oregon connected August 1.
China is the starring purchaser of Chilean copper.
In 2023, it accounted for 56 percent of exports, followed by the United States with 11 percent and Japan with 8.5 percent, according to the Chilean Copper Commission.
State-owned copper elephantine Codelco, the world's azygous biggest shaper of the metallic utilized successful wiring, motors and renewable energy generation, besides noted determination had been nary ceremonial connection connected the US tariffs.
There is nary "executive bid from the United States," said Maximo Pacheco, committee president of Codelco, which produces betwixt 8 and 10 percent of the world's copper.
Trump's announcement sent the terms of copper to a grounds precocious Tuesday.
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Source: AFP
