Peru plans to send a delegation to the United States to address impending tariffs on copper imposed by the Trump administration. Energy and Mines Minister Jorge Montero noted the need to adapt quickly to the changing trade landscape and emphasized Peru’s strategic role as a non-aligned country open to global investments.

Peru, a significant copper producer, is preparing to dispatch a delegation to the United States following the announcement by the Trump administration regarding potential tariffs on copper. This decision could adversely affect Peru’s primary export, as articulated by Energy and Mines Minister Jorge Montero, who emphasized the urgency of addressing the evolving regulations under the new North American administration.

Minister Montero remarked that Peru is working proactively to mitigate the impact of restrictive measures driven by US interests. Although the majority of Peru’s copper is processed in China, the United States remains a notable market for some of its copper shipments. Freeport-McMoRan Inc., a leading US copper producer, has operations in Peru’s Cerro Verde, one of the country’s largest mines.

Montero did not address other potential products, such as blueberries and table grapes, that may also be influenced by US tariffs. He underscored Peru’s position as a strategic ally to the US, stating that Peru is open to investments from all nations and does not align with any specific geopolitical stance.

In summary, Peru is proactively addressing the potential implications of US copper tariffs by sending a delegation to engage with US officials. The country aims to protect its primary export while maintaining its status as an open partner for global investment. Peru’s reliance on copper exports and its nuanced diplomatic posture highlight the balancing act the nation must perform amidst new trade uncertainties.

Original Source: www.mining.com