Gold will not be subject to tariffs, says Trump

'Gold will not be subject to tariffs,' American President Donald Trump wrote on the social network Truth Social on Monday. Last week, it was unclear whether the new tariffs would also be imposed on gold bars from Switzerland. Trump himself weighed in on the issue of gold tariffs after confusion and panic triggered by the revelation of US customs information dating back to July regarding custom duties on gold. On Monday, the gold price – at an overall high level – came under pressure when it became clear that the US had not imposed tariffs on gold imports after all. The price of the precious metal temporarily fell by about $50 per ounce. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular. +Get the most important news from Switzerland in your inbox This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs that caused ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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