Commodities

Top Copper Nation Sweats on Details of Trump’s 50% Tariff

Copper anodes are loaded for shipment in El Olivar, Chile, in April. — Copper anodes are loaded for shipment in El Olivar, Chile, in April.
Photographer: Cristobal Olivares/Bloomberg

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By James Attwood and Valentina Fuentes

July 8, 2025 at 7:49 PM UTC

Updated on

July 8, 2025 at 9:14 PM UTC

Chile, by far the biggest shipper of copper into the US, is waiting for details to emerge following President’s Donald Trump’s bombshell comments on tariffs.

Trump sent shock-waves through the global copper industry on Tuesday by telling reporters that he would be slapping a 50% levy on copper imports — about double what the market was pricing in.