
President Donald Trump has moved to exempt a range of commodities, including gold bullion, uranium, graphite and tungsten, from country-based tariffs while extending duties to silicone products, effective on Monday, Bloomberg reported.
The measure formalises earlier plans to shield gold bars from tariffs after a US Customs and Border Protection ruling weeks ago unsettled traders by suggesting bullion imports would face duties. Washington will also lift levies on several minerals used in technology and aerospace, as well as pharmaceuticals such as pseudoephedrine and antibiotics.
Trump’s order empowers the US Trade Representative and the Commerce Department to implement framework trade agreements with partners such as the European Union, Japan and South Korea without the need for additional presidential decrees. The White House said the modifications were “necessary and appropriate to deal with the national emergency” Trump declared when he launched country-level tariffs in April.
The adjustments are designed to ease pressure on markets for goods that cannot be domestically sourced — such as specialty spices, coffee and rare metals — while supporting customised trade deals. At the same time, reciprocal tariffs will remain on products like resin and aluminium hydroxide.
Global tariffs remain central to Trump’s broader strategy to reduce trade imbalances, a policy that has sparked criticism from businesses warning of higher costs and market disruption. Despite earlier concerns, the administration has continued to recalibrate the tariff regime in response to lobbying from US industries and trading partners.