The recent announcement by U.S. President Donald Trump to impose a 50% tariff on copper imports has elicited varied responses from industry and economic experts. Jorge Riesco, president of the Chilean National Mining Society (SONAMI), criticized the tariffs as illogical given the United States' industrial need for copper, warning that the measure could reduce the mining sector's annual GDP by approximately $1.6 billion. Riesco emphasized the necessity for internal consensus in Chile to enhance copper production and urged engagement with the U.S. government within the framework of the existing Free Trade Agreement to seek mutual cooperation. Meanwhile, Manuel Bengolea, general manager of Octogone Chile, expressed skepticism about the effectiveness of tariffs in boosting domestic U.S. copper production, citing an eight-year delay before such measures could yield results. He also noted that investors have become accustomed to Trump's unpredictable tariff announcements and that the U.S. economy is expected to perform well despite these policies. Felipe Espina, an international tax partner at EY, suggested that the impact of potential copper tariffs on exports should not be material due to the volume involved. Additionally, the tariff announcements affecting Mexico and the European Union have shaken market confidence but have not significantly altered risk appetite or caused notable movements in stock and currency markets. Analysts, including Enrique Quintana, have remarked that financial markets largely dismiss Trump's tariff actions. Notably, Germany's July investor confidence index surpassed forecasts prior to the imposition of 30% tariffs on the EU, indicating some resilience in European markets amid the trade tensions.