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Trump Exempts Gold from Global Tariffs
Summary: According to reports from FXStreet, US President Trump took action on Friday to exempt graphite, tungsten, uranium, gold bars, and other metals from tariffs in his country, while imposing tariffs on silicone products. These changes, as per the executive order issued on Friday, will take effect on Monday. Trump's directive could also expedite the implementation ...
According to reports from FXStreet, US President Trump took action on Friday to exempt graphite, tungsten, uranium, gold bars, and other metals from tariffs in his country, while imposing tariffs on silicone products. These changes, as per the executive order issued on Friday, will take effect on Monday. Trump's directive could also expedite the implementation of custom trade deals between the US and other countries, making it easier for Washington to cancel tariffs on aircraft parts, generic drugs, and certain products that cannot be grown, mined, or naturally produced domestically (such as special spices, coffee, and some rare metals). The President's order states that these changes were made based on recommendations from US officials. According to the measure, 'these modifications are necessary and appropriate to address the national emergency declared by Trump when he first implemented national-level tariffs in April.'
