Key Metrics
8.02
Heat Index-
Impact LevelMedium
-
Scope LevelNational
-
Last Update2025-09-06
Key Impacts
Positive Impacts (4)
Negative Impacts (1)
Event Overview
This event reflects a strategic realignment in U.S. trade policy, with selective exemptions and new tariffs aimed at fostering more tailored international trade agreements. The adjustments signal a shift towards a more nuanced approach to trade, potentially easing tensions in specific sectors while maintaining protectionist measures in others.
Collect Records
Trump Exempts Certain Metals from Global Tariffs, Imposes Tariff on Silicone Products
U.S. President Trump announced exemptions from global country-specific tariffs for metal products such as graphite, tungsten, uranium, and gold bars. However, tariffs will be imposed on silicone products. These adjustments will take effect on Monday. The order may also expedite the implementation of customized trade agreements between the U.S. and other countries, making it easier for Washington to remove tariffs on aircraft parts, generic drugs, and certain goods that cannot be produced domestically, such as specialty spices, coffee, and specific metals. A few weeks ago, a ruling by U.S. Customs and Border Protection to impose an import tax on gold bars caused market confusion. This measure establishes a plan to exempt gold bars from import tariffs and grants the U.S. Trade Representative and the Department of Commerce the authority to implement framework agreements with countries such as the European Union, Japan, and South Korea.