By Daina Beth Solomon, Fabian Cambero and Ana Isabel Martinez SANTIAGO/MEXICO CITY (Reuters) -Top officials in Chile and Mexico said on Wednesday they could seek markets elsewhere to avoid tariffs from the Trump administration,

U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.

Chile is the largest copper supplier to the US, a market that makes up less than 7% accounts for less than 7% of the South American nation’s refined copper exports. In 2024, Chile exported roughly $5.72 billion worth of copper to the American market, with China remaining its dominant customer.