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US' new Section 232 policy threatens Peru's copper industry

10 Apr 2026 14:47 reported by Raul Lee

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The Trump administration's proclamation of a tariff increase by up to 25% on steel, aluminum, and copper directly impacts the Peruvian copper industry. The decision has generated significant concern in Peru's export sector, as the United States is a major destination for these products. Industry associations warn that this tariff reduces the competitiveness of manufactured copper in the country, jeopardizing existing contracts and the stability of national companies that process the metal.

 

Faced with this new scenario, Peruvian authorities are seeking dialogue to mitigate the economic impact. There are fears that these trade barriers will slow the growth of non-traditional exports and force Peruvian producers to seek alternative markets to avoid a crisis in the copper production chain.

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