Trump exempts gold from global tariffs

ChainCatcher news, according to Jinshi reports, U.S. President Trump took action on Friday to exempt graphite, tungsten, uranium, gold bars, and other metals from his country's tariffs while imposing taxes on silicone products. According to the executive order released on Friday, these changes will take effect on Monday.

Trump's directive may also accelerate the implementation of customized trade agreements between the U.S. and other countries, making it easier for Washington to eliminate tariffs on aircraft parts, generic drugs, and certain products that cannot be grown, mined, or naturally produced domestically (such as specialty 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."