Donald Trump signed another executive order that could lead to tariffs on Mexico: the keys

US President Donald Trump has signed another executive order that could lead to the imposition of new tariffs against Mexico and other Latin American countries .

These are new measures that could directly affect international copper trade , an initiative that would add to the tariffs that threaten metal imports from Mexico.

Regarding this executive order, it was reported that Donald Trump ordered the Department of Commerce to begin an investigation with the aim of determining how and what impact implementing tariffs on copper would have .

Donald Trump has signed a series of executive orders, including one that could affect international copper trade , in a bid to reduce foreign dependence and bolster the country's mining sector.

“ It will have a huge impact ,” said Donald Trump moments before signing the executive order to analyze copper imports to Mexico and other Latin American countries such as Chile and Peru.

Explaining the key points of the executive order, White House trade adviser Peter Navarro described the initiative as an attempt to prevent China from expanding its copper sector.

He explained that there is also a desire to restore its industry in terms of:

• mining
• foundry
• copper refining

For Donald Trump, imposing tariffs on Mexican copper is a response to the potential military and technological needs that lie ahead for the United States.

The United States will consume about 1.6 million tons of refined copper in 2024, according to the U.S. Geological Survey, used in everything from electrical wiring to solar panels and gutters.

The United States is known to be a major producer of copper, producing an incredible 850 thousand tons of primary copper last year,

However, Donald Trump's executive order against copper could mainly affect Chile, given that it represents 38 percent of the total volume of imports.

Canada and Mexico follow with 28 percent and 8 percent, respectively.