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The John Batchelor Show

#NEWWORLDREPORT: COPPER TRADE. LATIN AMERICAN RESEARCH PROFESSOR EVAN ELLIS, U.S. ARMY WAR COLLEGE STRATEGIC STUDIES INSTITUTE. @REVANELLIS #NEWWORLDREPORTELLIS

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 11 July 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

#NEWWORLDREPORT: COPPER TRADE.  LATIN AMERICAN RESEARCH PROFESSOR EVAN ELLIS, U.S. ARMY WAR COLLEGE STRATEGIC STUDIES INSTITUTE. @REVANELLIS #NEWWORLDREPORTELLIS
1920 MONTANA

Transcript

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0:00.0

I'm John Batchel with my good colleague, Professor Aben Ellis of the U.S. Army War College.

0:07.9

This is a New World Report, and the Americas are popping.

0:12.2

We have a headline, Trump imposes 50% tariffs on Brazil after spat with Lula.

0:17.2

That's an opening round.

0:18.8

However, in there is Trump imposes tariffs on copper,

0:23.2

which has sent the copper market, skyrocketing, unprecedented numbers. I think I saw five

0:28.6

and a half. It might be climbing, or I can't tell, per pound. And copper is a vital,

0:34.9

vital metal for high-end production around the world.

0:39.8

Automobiles, everything you can think of, including a lot of weapons.

0:43.7

So we're looking at squeezing off a market that might, you could argue, is more important than rare earths.

0:49.5

Rarers are not rare.

0:51.1

They're everywhere, if you mind them.

0:53.2

Copper is in certain important places like Chile and Mexico and the headline.

1:00.4

Trump said he would soon impose 50% tariffs on copper imports.

1:04.2

This number of 50 comes up a lot, Professor.

1:06.9

Mexico's responding.

1:08.5

I haven't seen negative on Chile, but they're in the midst of a presidential

1:13.0

election, I believe. This strikes a blow against all of the Americas or just those countries? And

1:19.3

is it useful to be in contention with Chile and Mexico on copper?

1:25.8

Well, it's a great question, John. And the immediate effects are probably going to be far more negative for the U.S. supply

1:32.8

chain than the other countries from which we traditionally imported copper.

1:37.1

And it may have with respect to China some counterproductive effects.

...

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