Overview
- The presidential proclamation, which took effect Wednesday, expands U.S. metal tariffs to cover copper goods like wire, bars, sheets and accessories from Peru.
- In many cases the duty is charged on the product’s total value, lifting the price to enter the U.S. market.
- Raw copper such as ore, cathodes and scrap keeps current access, tilting incentives toward selling unprocessed material.
- Peru shipped about $500 million in copper products to the U.S. in 2025, exposing higher-value processes like drawing, rolling and extrusion to new costs.
- Peru’s trade ministry says it is in talks with the U.S. and is pushing market diversification to soften the blow on exporters.