Trump Order Removes Gold Tariffs, Imposes New Silicone Duties

An executive order from President Trump directs the U.S. government to exempt select metals—including gold bars, tungsten, graphite and uranium—from existing tariffs while introducing new duties on silicone products. Effective Monday, the order follows official recommendations and establishes a legal framework for customized trade agreements to enable targeted tariff relief on items like aircraft parts and generic drugs. Framed under the national emergency declaration behind earlier trade restrictions, it authorizes selective adjustments to U.S. trade policy without broad renegotiation. By removing gold tariffs, the executive order aims to reduce costs for certain manufacturers. However, the introduction of silicone duties may increase prices across related industries. The customized trade agreements could further adjust gold tariffs and silicone duties on specific items.