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President Trump of the United States has announced the imposition of a 50% tariff on all imported copper, effective August 1st. This decision has raised concerns among Chile and Mexico, significant copper suppliers to the U.S., who are now contemplating alternative markets to mitigate the potential impact. Chilean authorities have stated that they have yet to receive an official communication from the U.S. and are apprehensive about the policy's uncertainties. In contrast, Mexico intends to explore other export avenues while engaging in negotiations with the U.S. Copper, a crucial economic indicator and versatile commodity used extensively in construction, infrastructure, electronics manufacturing, and data centers, could see this measure exert a profound influence on these industries.
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