Teck CEO says miner could sell to Asia to avoid Trump's new tariffs

By Divya Rajagopal

TORONTO (Reuters) - Canadian miner Teck is looking to merchantability zinc to Asia alternatively of the U.S. to contend with caller tariffs imposed by U.S. President Donald Trump's medication connected Canadian imports, CEO Jonathan Price said astatine the PDAC mining manufacture league successful Toronto connected Tuesday.

The institution typically sells zinc to the U.S. and has been processing a contingency program for months, Price noted. "We person been reserving warehousing capacity, looking to reserve abstraction successful ports to export the metals to Asia," Price said. "We volition find buyers and prices volition adjust."

He did not specify however overmuch zinc Teck exports to the U.S. Price added that helium expects the tariffs to rise the outgo of commodities and thrust inflation, noting "there is small upside."

Trump's 25% tariffs connected imports from Canada arsenic good arsenic Mexico took effect connected Tuesday, launching caller commercialized conflicts with the apical 3 U.S. trading partners. Economists expect U.S. companies to carnivore the outgo of those tariffs.

(Reporting by Divya Rajagopal, Writing by Daina Beth Solomon; Editing by Chizu Nomiyama)