Metals Avoid Trump's Reciprocal Tariffs, White House Expects Domestic Industry Tailwinds

The White House announced that certain industrial and precious metals won't incur additional reciprocal tariffs.

What Happened? President Donald Trump introduced reciprocal tariffs but exempted key metals, including steel, aluminum, gold, and copper. This move partially relieves domestic buyers already dealing with the 25% duties imposed on steel and 10% on aluminum under Section 232.

Spot gold rallied to a fresh high, touching $3,167, while copper futures sank 3.16% to $4.88 per pound as markets feared the orange metal tariffs would come sooner rather than later.

Nucor Corp. (NYSE:NUE), the largest U.S. steel producer, saw shares drop 2% in after-hours trading after closing the day at $123.03.

Why It Matters? Additional ...

https://www.benzinga.com/25/04/44623954/metals-avoid-trumps-reciprocal-tariffs-white-house-expects-domestic-industry-tailwinds