Trump Exempts Gold, Tungsten and Uranium From Global Tariffs [View all]

Source: Bloomberg

September 5, 2025 at 8:31 PM EDT


President Donald Trump moved Friday to exempt graphite, tungsten, uranium, gold bullion and other metals from his country-based tariffs, while subjecting silicone products to the levies.

The changes are set to take effect on Monday under an executive order issued Friday.

Trump’s directive could also speed implementation of bespoke trade deals between the US and other countries, making it easier for Washington to lift tariffs on aircraft parts, generic pharmaceuticals and certain products that can’t be grown, mined or naturally produced domestically — such as specialty spices and coffee, as well as obscure metals.

The measure formalizes a plan to exempt gold bars from tariffs, after a US Customs and Border Protection ruling weeks ago stunned traders and caused confusion by indicating bullion would be subject to import taxes.

Read more: https://www.bloomberg.com/news/articles/2025-09-06/trump-exempts-gold-tungsten-uranium-from-global-tariffs?srnd=homepage-americas