Gold, graphite, tungsten, and uranium are among the other materials that Trump will not impose importation tariffs under a new executive order issued on Friday
ContentsCritical Metals Get Tariff ReliefNew Tariffs Target Silicon and Other ProductsGold Surges as Traders React to Policy ShiftThe transfer relieves the strain on defense and energy-related metals. Meanwhile, new tariffs are now enforced on silicon-based products and other materials that are no longer regarded as essential to national security.
The order follows the confusion that befell commodities markets in the wake of a recent Customs and Border Protection ruling. That move implied that there would be new taxes on imports of gold bullion. The traders in gold responded, arousing alarm in the industry. Reversal by the White House has now brought back sanity.
Critical Metals Get Tariff Relief
These rare metals, which have been taken off the tariff list, are tungsten, graphite, uranium, and gold. These materials are crucial to the American defense, electronics, and energy industries. Gold is commonly regarded as a safe-haven asset, and uranium is employed to power nuclear reactors. Graphite and tungsten are significant in electric vehicles and military equipment.
According to the administration, the change will essentially address U.S. manufacturing and protect supply chains. Authorities assert that access to these supplies should remain consistent in the face of a national state of emergency.
New Tariffs Target Silicon and Other Products
As important metals are relieved, the new trade directive tariffs silicone products, resin, and aluminum hydroxide. They are treated as commonplace and unnecessary when it comes to national security.
Officials say this transition improves U.S. trade power and does not cause shocks to key industries. The new policy also leaves space to exempt more that cannot be produced locally. This is the case of some aircraft parts, generic drugs, spices, coffee, and rare metals.
The order also gives the U.S. Trade Representative and the Commerce Department more power. They can now enact trade agreements without White House intervention.
Gold Surges as Traders React to Policy Shift
The announcement caused the gold prices to skyrocket. Spot gold rose 1.4% to $3,596.55 per ounce, and December futures closed 1.3% higher at 3,653.30. In 2025, the metal was up 37%, after a great run in 2024.
As the economy has slowed in employment and increased the unemployment rate, traders are betting on a reduction in the rates. Analysts are optimistic but caution that prices have a long way to go before they hit $4,000. High prices mean low demand in China and India, which are key buyers.
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Trump Gold, Graphite, Tungsten, and Uranium from Tariffs
Gold, graphite, tungsten, and uranium are among the other materials that Trump will not impose importation tariffs under a new executive order issued on Friday
ContentsCritical Metals Get Tariff ReliefNew Tariffs Target Silicon and Other ProductsGold Surges as Traders React to Policy ShiftThe transfer relieves the strain on defense and energy-related metals. Meanwhile, new tariffs are now enforced on silicon-based products and other materials that are no longer regarded as essential to national security.
The order follows the confusion that befell commodities markets in the wake of a recent Customs and Border Protection ruling. That move implied that there would be new taxes on imports of gold bullion. The traders in gold responded, arousing alarm in the industry. Reversal by the White House has now brought back sanity.
Critical Metals Get Tariff Relief
These rare metals, which have been taken off the tariff list, are tungsten, graphite, uranium, and gold. These materials are crucial to the American defense, electronics, and energy industries. Gold is commonly regarded as a safe-haven asset, and uranium is employed to power nuclear reactors. Graphite and tungsten are significant in electric vehicles and military equipment.
According to the administration, the change will essentially address U.S. manufacturing and protect supply chains. Authorities assert that access to these supplies should remain consistent in the face of a national state of emergency.
New Tariffs Target Silicon and Other Products
As important metals are relieved, the new trade directive tariffs silicone products, resin, and aluminum hydroxide. They are treated as commonplace and unnecessary when it comes to national security.
Officials say this transition improves U.S. trade power and does not cause shocks to key industries. The new policy also leaves space to exempt more that cannot be produced locally. This is the case of some aircraft parts, generic drugs, spices, coffee, and rare metals.
The order also gives the U.S. Trade Representative and the Commerce Department more power. They can now enact trade agreements without White House intervention.
Gold Surges as Traders React to Policy Shift
The announcement caused the gold prices to skyrocket. Spot gold rose 1.4% to $3,596.55 per ounce, and December futures closed 1.3% higher at 3,653.30. In 2025, the metal was up 37%, after a great run in 2024.
As the economy has slowed in employment and increased the unemployment rate, traders are betting on a reduction in the rates. Analysts are optimistic but caution that prices have a long way to go before they hit $4,000. High prices mean low demand in China and India, which are key buyers.