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Teck CEO says miner could sell to Asia to avoid Trump's new tariffs
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Teck CEO says miner could sell to Asia to avoid Trump's new tariffs
Mar 4, 2025 6:49 AM

TORONTO, March 4 (Reuters) - Canadian miner Teck

is looking to sell zinc to Asia instead of the U.S.

to contend with new tariffs imposed by U.S. President Donald

Trump's administration on Canadian imports, CEO Jonathan Price

said at the PDAC mining industry conference in Toronto on

Tuesday.

The company typically sells zinc to the U.S. and has been

developing a contingency plan for months, Price noted.

"We have been reserving warehousing capacity, looking to

reserve space in ports to export the metals to Asia," Price

said. "We will find buyers and prices will adjust."

He did not specify how much zinc Teck exports to the U.S.

Price added that he expects the tariffs to raise the cost of

commodities and drive inflation, noting "there is little

upside."

Trump's 25% tariffs on imports from Canada as well as Mexico

took effect on Tuesday, launching new trade conflicts with the

top three U.S. trading partners. Economists expect U.S.

companies to bear the cost of those tariffs.

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