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Trump Exempts Metals Such as Gold, Tungsten, and Uranium from Global Tariffs
BlockBeats News, September 6th: On Friday, U.S. President Trump took action to exempt graphite, tungsten, uranium, gold bars, and other metals from his country's tariffs, while imposing tariffs on silicone products. According to an executive order issued on Friday, these changes will take effect on Monday.
Trump's directive could also expedite the implementation of customized trade agreements between the United States and other countries, making it easier for Washington to lift tariffs on aircraft parts, generic drugs, and certain products that cannot be grown, mined, or naturally produced domestically (such as specific spices, coffee, and some rare metals).
The President's order states that these changes were made based on recommendations from U.S. 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." (FXStreet)
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