Trump Exempts Gold from Global Tariffs

According to Jin10, U.S. President Trump took action on Friday to exempt graphite, tungsten, uranium, gold bars, and other metals from his national tariffs, while imposing tariffs on silicone products. These changes, outlined in an executive order released on Friday, 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 lift 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 stated 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 nationwide tariffs in April."