In a significant move, the White House announced that President Trump has signed an executive order aimed at modifying the scope of reciprocal tariffs and establishing tariff exemptions for specific goods from countries with existing U.S. trade deals. The order includes exemptions for critical metals such as gold, tungsten, and uranium, while also introducing zero import duties for aligned partners starting shortly. This decision is seen as part of an effort to strengthen trade relations with select countries and may also involve lower tariffs on food and pharmaceutical products. The implications of these changes on global trade dynamics and specific markets have yet to be fully evaluated.