US President Donald Trump signed a decree on Friday that offers some tariff exemptions to business partners that close agreements on industrial exports such as nickel, gold and other metals, as well as pharmaceutical compounds and chemicals. The order comes into force from next Monday (8).
The order identifies more than 45 Categories For “aligned” partners “zero tariffs that set off to cut the” reciprocal “rates and fees imposed by Trump under the national security status of Section 232. Decree aligns US tariffs with its existing compromises, including those with allies such as Japan and the European Union.
In the document, Trump states that his willingness to reduce tariffs depends on the “scope and economic value of a commercial partner with the United States in his reciprocal trade agreement” and US national interests.
Trump spent his first seven months in office by implementing mass tariff increases to reorganize the global commercial system, reduce US commercial deficits, and obtain concessions from trading parties in negotiations.
Exempt categories
Cuts include items that “cannot be cultivated, mined or naturally produced in the United States” or produced in sufficient volume to meet domestic demand.
An White House employee said he also creates new exceptions for some agricultural products, aircraft and parts, as well as unfigured articles for use in pharmaceuticals. In situations where a country has signed a “reciprocal” trade agreement with the United States, this will allow the US commercial representative, the department of commerce and the customs to exempt tariffs on covered imports without a new executive order of Trump, the official said.
Items with zero fare identified in order include graffiti and various forms of nickel, an essential ingredient in the manufacture of stainless steel and electric vehicle batteries. Compounds used in generic medications are also covered, including lidocaine anesthetic and reagents used in medical diagnostic tests.
The order covers various types of gold imports, from post and leaves to gold in bars, an important import from Switzerland that faces 39%American tariffs, as it has not yet reached a trade agreement. The order also allows the elimination of natural graffiti rates, neodymium magnets and light -emitting diodes (LEDs), as well as eliminating anterior tariff exemptions on certain plastics and polysilicio, an essential component of solar panels.
