12 days have passed since Donald Trump began his second term as president of the United States. Without a doubt, one of the ads generated by the alert of economies worldwide is the imposition of tariffs on several countries, which could have an impact on commercial relations.
In that sense, the copper It is one of the products that would be subject to this measure together with steel and aluminum, but there are no further details, only threats as political pressure strategies. The truth is that in Chili You begin to monitor your possible implications.
“This could affect the international price of copper that is down, but that is still positive. Even when a copper tariff was imposed, it is difficult for new mines to enter to work overnight. The demand for copper in the short and medium term will not be affected, ”explained former Minister of Economy, Pedro Francke.
For his part, the director of the CIEN-ADEX, Edgar Vásquez, said that there is a scenario of uncertainty about the specific mechanisms that would be implemented, but ratified that Peru has the Free Trade Agreement and communication lines with the US to reduce the impacts of these measures.
“If a general tariff applies, it does not affect us, but if an surcharge for national security to copper cathodes is applied, there could affect Peru and we would have to diversify exports to other markets. This scenario has a lower level of risk, ”he added.
TLC with the United States
The Free Trade Agreement between Peru and the US is 15 years old. For the holder of MINCETURDESILÚ LEÓN, there is no risk that Trump renegotiate this agreement, since “it has been important for the development of our exports.”
However, Pedro Francke recalls that previously, the US administration forced Mexico and Canada to review their treaties. “In his previous period, Trump forced Mexico to get a series of things. To think that we are protected by the FTA is a very large naivety, ”he emphasized.
In Edgar Vásquez’s opinion, there is a lower risk that the US renegotes its NAFTA with Peru because they have a commercial surplus that involve many American products in the agricultural, livestock and manufacturing sector. “I would believe that the risk is less. It is in the art and the ability of Mincetur and Foreign Ministry to avoid that scenario,” he said.
Commercial exchange
- According to the Adex Data Trade commercial intelligence system, the non -traditional exports of our country to the United States reached US $ 5,710 million between January and November of last year, which means a growth of 14.82% compared to the same period of the same period of the 2023.
- The offices to the United States amounted to US $ 8,312 million until November 2024, while imports added US $ 8,461 million. Peru is the main supplier of fresh grapes and blueberries to the North American country.
Source: Larepublica
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