U.S. President Donald Trump has signed a new executive order granting tariff exemptions to certain trading partners on products including nickel, gold, pharmaceutical ingredients, and chemicals. The move, effective Monday, targets items that cannot be produced sufficiently in the U.S. and aims to strengthen reciprocal trade agreements. Countries entering such agreements will enjoy zero tariffs on over 45 products, while some existing exemptions, like plastics and polysilicon for solar production, are revoked. The measure seeks to protect U.S. economic and national interests.
Some of the United States’ trading partners will receive tariff exemptions on certain industrial exports. The exemptions cover nickel, gold and other metals, pharmaceutical ingredients, and chemical products. U.S. President Donald Trump signed an executive order regarding this matter.
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