Trump says gold will not be tariffed
An employee, December 22, 2023, Thailand, Bangkok YLG Bullion International Co.
Chalinee Thirasupa | Bloomberg | Getty Images
President Donald Trump said on Monday that Gold will not encounter tariffs and that the US customs officials decided that the bars of precious metal imported from Switzerland will face tasks.
“There will be no golden tariff!” Trump said Real Social Post. Gold Futures Transactions After the announcement, 2.48% lower than $ 3.404.70 per ounce.
Dear metal broke a high record on Friday US Customs and Border Protection 1 kilogram and 100 ounce of golden casting sticks from Switzerland decided that Trump was exposed to 39% of tariffs on imports from the country.
Such golden rods are used to support contracts in the commodity exchange or comex, the main term trading market for gold, silver and other metals.
The decision would apply not only to Switzerland, but also to any country exporting such golden sticks to the USA. Switzerland Precious Metal Association. In other words, the golden rods will be subject to the ratio of the US tariff that dominates against the country.
On Friday, the Swiss Precious Metal Association warned that the customs decision may “negatively affect the international physical gold flow”.
On August 7, Trump imposed what he called mutual tariffs against dozens of US trade partners.
