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Critical minerals sidestep US ‘Liberation Day’ reciprocal tariffs
Critical minerals appear to be exempt from the “reciprocal” tariffs introduced by US President Donald Trump on Wednesday April 2; however, uncertainty remains amid ongoing policy volatility, market participants reported. Trump signed a sweeping executive order on Wednesday implementing a new “reciprocal tariff” policy that will impose additional duties on imports from most global trading partners, beginning at 10%, with higher rates for specific nations. According to the executive order’s Annex I, China will face a 34% reciprocal tariff rate, while Vietnam and Cambodia will see even higher rates at 46% and ... (full story)