2026-04-03 21:08:12

On April 3, reports — During the Asian session on April 3, in accordance with East Asian Time, trading in gold and oil was suspended for the entire day due to Good Friday. However, on Thursday, gold prices fell and closed below $4,700 per ounce amid a strengthening dollar and rising expectations of interest rate hikes.

On Friday (April 3, East Asian Time), during the Asian session, trading in gold and oil was suspended for the entire day due to Good Friday. However, on Thursday, gold prices declined and closed below $4,700 per ounce amid a strengthening US dollar and rising expectations of rate hikes; oil prices surged more than 13% on Thursday, with WTI crude rising above $112 per barrel, marking the largest single-day absolute gain since 2020, amid US President Trump’s promise to continue strikes on Iran and the lack of specified timelines for ending hostilities or opening the Strait of Hormuz.

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Ivan623

2026-04-03 20:48:05

According to the APP "Golden Shape" report, U.S. President Trump signed a statement on Thursday aimed at adjusting national tariffs for security reasons on the import of steel, aluminum, and copper (Section 232 tariffs). This adjustment is intended to lower tariff rates on derivative metals, simplify declaration procedures, and prevent undervaluation of import values.

The statement says that the U.S. will maintain a 50% tariff on imports of such bulk goods as steel, aluminum, and copper, but now this rate will be applied to the price paid by American consumers. The main changes concern derivative products, where a threshold metal content is introduced for more accurate duty assessment.

Details of the new rules
Under the new rules, if the steel, aluminum, or copper content in a derivative product by weight is less than 15%, the U.S. will cancel the previously applicable 50% tariff, effectively exempting such goods from duties. This measure is intended to exempt products with very low metal content, such as perfume bottles with aluminum caps or dental floss boxes with miniature steel blades.

For derivative products with metal content exceeding 15%, a reduced tariff rate of 25% will be applied, but this rate will be calculated based on the total value of the imported product, not just the metal content. Thus, for products like washing machines or gas stoves, where steel is a main component, the duty will be 25% of the total value.

Meanwhile, bulk goods made of steel, aluminum, and copper will retain a high 50% duty, calculated on the entire sale price. According to officials, these measures could generate additional revenue from tariffs and also simplify customs declaration, eliminating opportunities to evade tariffs by undervaluing metal content.

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