Top Copper Nation Sweats on Details of Trump’s 50% Tariff (1)

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.

Chile — and particularly state-owned Codelco — would be the most affected producer given the country accounts for about 500,000 metric tons of the total of 700,000 tons of refined metal the US imports a year. Of that, Codelco alone ...