trade war

The Indonesian-Chilean Chamber of Commerce and Culture is closely monitoring the developments in the Chilean mining industry. As reported by Tierramarillano, the industry is facing potential tariff increases, which could pose significant challenges to the sector. The mining industry is considered the backbone of the Chilean economy, and any obstacles to its growth could have far-reaching effects. The chamber has repeatedly stressed the need to repeal articles 7, 8, and 9 of the Mining Code to encourage fresh investments and increase production, thereby earning more foreign exchange for the country.

Amidst escalating tensions between China and the United States, political scientist Juan Pablo Sims suggests that Chile's best course of action is to maintain open trade markets with both countries. As reported by Radio Concierto Chile, the ongoing trade war between the two economic giants threatens to drag other nations into the conflict. The chamber echoes Sims' sentiments, emphasizing the importance of maintaining a balanced trade relationship with both China and the U.S.

In a move towards sustainable mining practices, Chile and the European Union (EU) are strengthening their strategic alliance. According to the Digital Mining Magazine REDIMIN, they aim to promote sustainable value chains in critical minerals through agreements and participation in EXPOMIN 2025. The chamber supports this initiative, recognizing the importance of sustainability in mining and the potential benefits of a closer relationship with the EU.

An Oced-UDP report indicates that 8.3% of Chile's exports could be subject to U.S. tariffs. This places the country in a moderate position concerning the exposure of its shipments. The chamber is keenly following these developments and their potential impact on Chilean exports.

Meanwhile, Peruvian service exports to Chile have seen a 15% growth. Seventeen Peruvian companies specializing in mining services are participating in Expomin 2025 with the aim of strengthening commercial ties with Chile. The chamber welcomes this growth, highlighting the importance of regional cooperation and trade.

Finally, the volume of Chilean salmon exports has fallen in the first quarter of 2025, ahead of Trump's tariff. Despite the decrease in volume, the value of these shipments grew by 5.1% during the same period. The chamber is closely monitoring these developments, recognizing the importance of the salmon industry to the Chilean economy.

• Desafíos que imponen los potenciales aumentos de aranceles a los minerales chilenos – Tierramarillano – Noticias de Atacama y Chile (Tierramarillano.cl)
• Politólogo sobre Chile en la guerra comercial: "Lo que más nos conviene es tratar de mantener ambos mercados abiertos" — Radio Concierto Chile (Concierto.cl)
• Chile y la UE refuerzan alianza en EXPOMIN 2025 para impulsar cadenas de valor sostenibles en minerales críticos (Redimin.cl)
• Informe afirma que el 8,3% de las exportaciones de Chile estarían sujetas a aranceles de EE.UU. (Soychile.cl)
• Exportaciones de servicios peruanos a Chile crecieron 15% (Electromineria.cl)
• Volumen de exportaciones de salmón chileno cae en el primer trimestre 2025 previo al arancel de Trump (Soychile.cl)

The Chilean-Indonesian Chamber of Commerce and Culture closely observes the unfolding of recent global events that could impact Chile's export sector, particularly the reinstatement of global tariffs by former U.S. President Donald Trump. This move, as analyzed by former Chilean Foreign Minister Heraldo Muñoz, threatens the Free Trade Agreement between Chile and the United States, which has been in place for over two decades. The Chamber echoes Mr. Muñoz's call for immediate consultations with the U.S. Trade Representative's office to clarify this situation.

Georgina Losada, Santa Fe's Secretary of Foreign Trade, also shared her insights, warning of the potential consequences of a global trade war. Despite the U.S. tariffs not directly affecting Argentina, an indirect impact could be felt in the province of Santa Fe. She highlighted the necessity of swift action to protect local productive sectors.

Meanwhile, Chile's Ministry of Finance announced that copper exports, a significant part of Chile's international trade, will be exempted from the U.S. imposed tariff. This comes as a relief amidst the tension, considering the recent acquisition of four copper projects in the Antofagasta region by Nobel Resources Corp.

On a positive note, the commencement of talks for a Comprehensive Economic Partnership Agreement (CEPA) with India has been celebrated by the president of Fruit of Chile, Iván Marambio. He predicts that this agreement could potentially double Chile's fruit shipments to India, making it a market as significant as Brazil, currently Chile's fourth largest buyer of fresh fruits.

The Chamber reaffirms its commitment to monitoring these developments and providing necessary support to Chilean businesses during these challenging times.

• Heraldo Muñoz advierte impacto de aranceles de Trump para Chile (Radioagricultura.cl)
• Losada: "Estamos frente a una guerra comercial que impactará a todos los países" (Rafaelanoticias.com)
• ¿Y qué pasó con el TLC? Como los aranceles de Donald Trump se "saltan" el acuerdo comercial con Chile | Economía | BioBioChile (Biobiochile.cl)
• Ministerio de Hacienda: Exportaciones de cobre serán excluidas del arancel impuesto por Estados Unidos - NOSTÁLGICA CL (Nostalgica.cl)
• Nobel Resources Corp. adquiere 4 proyectos de cobre en Chile (Redimin.cl)
• Frutas de Chile proyecta duplicar sus envíos a India tras inicio de conversaciones para acuerdo comercial – G5noticias (G5noticias.cl)

The Chile-Indonesia Chamber of Commerce and Culture is reporting on several significant developments in Chile's international trade and diplomatic relations this week.

Chile's dried plum exports continue to thrive, reaching 78 countries in 2024 and totaling 88,897 metric tons, equivalent to USD 255.119 million. This superfood's global reach and economic impact are a testament to Chile's robust agricultural sector.

However, Chile's economy faces threats from the recently announced 10% tariffs on Chilean products by the U.S. This measure, announced by President Trump on April 2, 2025, could potentially impact Chile's economy, which sends 14% of its exports to the U.S. Key products such as salmon, fruits, and wines may be affected, while copper and timber exports are expected to remain unaffected.

According to economist Jean Paul Quinteros, the tariffs could also impact sectors such as oil, leading to increased fuel prices. It is also predicted that there will be an effect on food and technological products imported directly from the U.S., impacting Chile's export competitiveness. In response, it is expected that Chile will seek new trade links.

In diplomatic news, Pablo Arriarán Ahumada has been appointed as the new Chilean ambassador to the People's Republic of China. A seasoned diplomat with extensive international experience, Arriarán's appointment comes at a crucial time for relations between the two countries.

Despite the challenges, Chile has so far successfully navigated the trade war instigated by President Trump. However, the longevity of this resilience remains uncertain, as indirect effects of the conflict could potentially impact Chile's economy in the coming months.

In response to the potential tariffs on copper, the Chilean government, through the Chilean Copper Commission (Cochilco), has submitted a letter to the United States defending its position as a "strategic and reliable partner". This move underscores the gravity with which Chile views the possible imposition of tariffs on its copper exports.

• Exportaciones de ciruelas chilenas deshidratadas suman USD 255.119 millones en 2024 - PortalPortuario (Portalportuario.cl)
• Aranceles del 10% a Chile < El Rancagüino (Elrancaguino.cl)
• Trump impone aranceles de 10% a Chile: economista prevé impacto en alimentos, petróleo y exportaciones | podria-ser-peor-group-programas | BioBioChile Televisión (Biobiochile.cl)
• Destacado Diplomático Asume Liderazgo en Embajada de Chile en China (Reportediario.cl)
• Cómo Chile ha logrado resistir la guerra comercial de Trump e incluso ha salido beneficiado de la misma - La Radio de Santiago (Eldiariodesantiago.cl)
• DF En Infinita | Ante aranceles al cobre: Chile envía carta a Estados Unidos (Infinita.cl)

The Indo-Chilean Chamber of Commerce and Culture is pleased to report a series of significant developments on the international stage. These events highlight the strength and resilience of Chile's diplomatic and economic relations.

The Chilean Government has announced the appointment of Pablo Arriarán Ahumada as the new ambassador to the People's Republic of China. Arriarán, a seasoned diplomat with extensive international experience, assumes this critical role at a pivotal time in the relationship between the two nations. His diplomatic career includes ambassadorial roles in Egypt and Ecuador, and second-in-command positions in the embassies of Ecuador and Argentina. He has also had assignments in countries such as Gabon, Kenya, New Zealand, and the United States.

Chile has managed to successfully navigate the trade war instigated by U.S. President Donald Trump. Despite the uncertainty this conflict has caused for the global economy, Chile has shown resilience and even reaped some benefits. However, the future impact of this conflict on the Chilean economy remains to be seen.

In response to potential U.S. tariffs on copper, Chile, through the Chilean Copper Commission (Cochilco), has submitted a letter to the United States defending its position as a "strategic and reliable partner". The administration of President Gabriel Boric has expressed concern over the possible imposition of tariffs on copper by the Trump administration and is closely monitoring the situation.

The Chilean Copper Commission (Cochilco) presented a letter to the U.S. Department of Commerce defending its role as a strategic and reliable partner in the supply of copper, in light of potential tariffs by the U.S. "We sent a letter to the U.S. Department of Commerce defending the strategic and reliable nature of our country's copper supply," said the Chilean ambassador to the U.S., Juan Gabriel Valdés.

In other news, the inaugural arrival and departure of the cruise ship Star Voyager, which underwent a USD 50 million refurbishment, was celebrated in Jakarta, strengthening the regional presence of the iconic Dream Cruises brand.

Finally, Chilean President Gabriel Boric has embarked on a trip to India with the aim of strengthening relations and attracting investments from the world's most populated country.

• Destacado Diplomático Asume Liderazgo en Embajada de Chile en China (Reportediario.cl)
• Cómo Chile ha logrado resistir la guerra comercial de Trump e incluso ha salido beneficiado de la misma - La Radio de Santiago (Eldiariodesantiago.cl)
• DF En Infinita | Ante aranceles al cobre: Chile envía carta a Estados Unidos (Infinita.cl)
• Chile defiende en EEUU su posición de socio estratégico de cobre ante posibles aranceles – El Diario Santiago (Eldiariosantiago.cl)
• Indonesia: Star Voyager hace salida inaugural desde Tanjung Priok - PortalPortuario (Portalportuario.cl)
• Boric viaja a la India para fortalecer relaciones y atraer inversiones del país más poblado del mundo | Economía | BioBioChile (Biobiochile.cl)

In a significant stride for Chilean exports, the country's salmon has been certified as a "healthy" option by the United States Food and Drug Administration (FDA). As the second most exported product from Chile, salmon generated over $6.3 billion in 2024, with the United States being its main market.

However, the global economic landscape is not without its challenges. Chile finds itself between China and the United States amidst global uncertainty. The Chilean Government, along with representatives from the agro-export sector, have formed a technical group to address new agricultural tariffs imposed by the United States, the second destination of Chile's silviculture and livestock exports. This initiative aims to mitigate the impact of the measures scheduled to come into effect from April 2.

The President of Fruits of Chile, Iván Marambio, has expressed concerns over the growing trade war driven by Donald Trump and its potential repercussions on international trade. Marambio warned about the negative effects of tariff measures and market closures, emphasizing that Chile's strategy has been to open up to the world.

Adding to the concern, President Donald Trump announced that from Wednesday, April 2, the United States will impose tariffs on imported agricultural products. The move aims to boost local development and growth in the sector, but has caused unease among associations and guilds in various countries, including Chile.

Amidst the official visit of the President of the Federal Republic of Germany, Frank-Walter Steinmeier, the President of Chile, Gabriel Boric, spoke about the tariff war driven by Donald Trump and its possible effects on Chile's copper and agricultural exports. Boric stressed that the issue is "extremely delicate" and reaffirmed Chile's commitment to multilateralism in international forums, rejecting unilateral decisions.

• Salmón chileno recibe sello de "saludable" por la FDA en Estados Unidos - Prensa Digital (Prensadigital.cl)
• Chile entre China y EE.UU. en medio de la incertidumbre global - Paislobo Prensa (Paislobo.cl)
• Estrategia Agroindustrial Chilena: Enfrentando Desafíos Globales con Innovación y Diplomacia (Reportediario.cl)
• Presidente de Frutas de Chile y la guerra comercial: “Las acciones de proteccionismo empobrecen al mundo” (Radioagricultura.cl)
• Trump anuncia aranceles a importaciones agrícolas: ¿Cómo afectaría a Chile la medida? - Portal Innova (Portalinnova.cl)
• Presidente Boric aborda guerra comercial y revela medidas ante aranceles de EE.UU. (Radioagricultura.cl)

The Indo-Chilean Chamber of Commerce and Culture presents a summary of the important news events of the week.

Chilean President, Gabriel Boric, during an official visit from the President of the Federal Republic of Germany, Frank-Walter Steinmeier, addressed the trade war initiated by Donald Trump and its potential effects on Chile's copper and agricultural exports. President Boric outlined the discussions he has had with various international leaders and the measures taken by the Chilean Government to anticipate possible economic impacts. The President emphasized the delicacy of the issue and reaffirmed Chile's commitment to multilateralism in international forums, rejecting unilateral decisions.

In other news, Chilean bottled wine exports have started 2025 on a high note, with an increase of 9.2% in volume and 6% in value compared to January 2024. The majority of our main markets started well this year, led by Brazil with an increase of almost 30% in volume and 20% in value compared to January 2024. Japan, the United Kingdom, South Korea, Canada, the Netherlands, and Mexico also recorded significant increases this month. The notable exception is China, which continues to decline, this time by -16% in value compared to January of the previous year.

US tariffs on seafood imports may offer short-term gains for Norway and Chile's salmon exports, but they are bad news in the long term, warns a seafood market analyst from Kontali. A 25% tariff is expected to be imposed on Canadian and Mexican seafood products, and a similar tariff is anticipated for some imports from the EU.

Chile has been recognized as the South American and Latin American country that contributed the most cargo flow to the Panama Canal in the fiscal year 2024. It also ranked fifth in the hierarchy of nations by origin and destination, according to the Panama Canal Authority's Annual Report 2024.

However, the US President's tariff measures on agricultural products could slow the growth of exchange sectors in Chile. This announcement has caused concern in Chile's productive sector. Additionally, the 2024/2025 season of Chilean cherries closed with a negative balance, leaving estimated losses of more than US$1.6 billion for producers and exporters. The main destination for Chilean cherries, China, saw prices plummet due to a 60% increase in volumes sent, causing values to fall by 50% compared to the previous season.

• Presidente Boric aborda guerra comercial y revela medidas ante aranceles de EE.UU. (Radioagricultura.cl)
• Exportaciones de vino embotellado chileno, comienzan con el pie derecho este 2025. China, es la excepción, tras reportar un descenso de -16% | Publimicro (Publimicro.cl)
• Aranceles estadounidenses a productos del mar pueden beneficiar al salmón chileno (Salmonexpert.cl)
• Chile el país sudamericano que más flujo de carga contribuye al Canal de Panamá – Diario Chañarcillo (Chanarcillo.cl)
• conomista planteó que medidas de Trump pueden frenar el crecimiento de sectores de intercambio en Chile | Diario Usach (Diariousach.cl)
• Pérdidas de US$1.600 millones golpean al mercado de las cerezas chilenas (Sancarlosonline.cl)