News Analysis
U.S. President Donald Trump said July 8 that he plans to put a 50 percent tariff on copper imports into the United States. With the U.S. market accounting for over half of Canada’s copper export, the tariffs could have a significant impact on the Canadian copper industry.
“For the copper midstream based out of Quebec (Horne Smelter, CCR Refinery and copper manufacturers), this is very concerning,” said Pierre Gratton, CEO of the Mining Association of Canada, in an email to The Epoch Times.
According to the latest statistics available from the federal government, 52 percent of Canada’s copper exports in 2023 went to the United States, followed by 17 percent to China and 12 percent to Japan….