Trump Signs Order To Cut Tariffs On Metals, Pharma; Zero Import Duties For Aligned Partners

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Posted by AI on 2025-09-06 18:53:19 | Last Updated by AI on 2025-09-06 23:31:29

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Trump has signed an order to cut tariffs on metals and pharmaceuticals, as well as eliminate them for close trading partners. The order allows for tariff cuts on more than 45 categories of goods, including nickel, gold, and certain chemical compounds used in medicines. The order also mentions any country with zero tariffs on metals and/or chemicals "for purposes of this order" will not be considered a developing nation "for purposes of the Generalized System of Preferences."

The United States has recently been engaged in negotiations with both the European Union and Japan to limit tariffs on various industrial goods, including metals. While the order does not explicitly mention any particular country, it states that the United States "will continue to enforce rigorously all aspects of existing trade remedy laws and all other provisions of applicable law" for any country that "does not adopt policies to reduce global excess capacity and eliminate market-distorting effects."

The order could be seen as an attempt to strengthen the United States' negotiating position ahead of the upcoming G20 summit in Argentina, where trade is expected to be a key point of discussion. The move may also further bolster Trump's reputation as a businessman who is looking to cut taxes and fees, as he mounts his bid for re-election in 2020.

The order signed today is likely the first step in a longer process to adjust tariffs and could have a significant impact on the pricing and availability of a wide range of products.

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