BHP and Rio prepare for US copper tariffs

While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.

A Rio Tinto copper mine in Spain. Copper futures spiked 13% overnight.

ASX-listed miners BHP and Rio Tinto are likely to be impacted by US President Donald Trump’s new 50% tariffs on copper, but the tariffs could also fast-track a new mine in Arizona which would be the biggest in the US.

There was little market reaction on the ASX today to Trump’s latest tariff

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Lachlan Colquhoun Wed, 09 Jul 2025

Contact the Writer: lachlan@nbr.co.nz

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