US Slaps Tariffs on 1-kg, 100-oz Gold Bars – Global Bullion Market Mein Shaking Decision
Sometimes a decision can shake up the entire global market, and this is that moment. According to a report in the Financial Times, the United States has imposed tariffs on 1-kilogram and 100-ounce gold bars. It is a move that will not only disrupt global bullion flows but could also be a major blow to the world’s largest gold refining hub, Switzerland.
US Slaps Tariffs on 1-kg, 100-oz Gold Bars: Major Change in Customs Policy
On July 31, a letter from US Customs and Border Protection changed everything. Where previously these gold bars were duty-free, now they have been reclassified under a customs code where duties will be imposed. The move came at a time when trade tensions were already running high between Bern and Washington. Earlier, the US had imposed a 39% import tariff on Switzerland, which was making their trade relations even more tense.
US Slaps Tariffs on 1-kg, 100-oz Gold Bars: Big blow for Switzerland
Switzerland’s gold trade is famous worldwide. As the world’s top gold refiner, Switzerland exported about $61.5 billion worth of gold to the US last year till June. About $24 billion of this gold will now come under the new tariffs. According to industry sources, some Swiss refineries have now stopped or reduced gold shipments to the US until there is legal clarity on product classification.
Swiss Officials Reaction on US Slaps Tariffs on 1-kg, 100-oz Gold Bars
The president of the Swiss Association of Manufacturers and Traders of Precious Metals, Christoph Wild, called the decision “another blow” that will make Switzerland’s trade with the US even more difficult. He says these tariffs will make it very tough to meet the demand.
Connection between Comex Exchange and US Slaps Tariffs on 1-kg, 100-oz Gold Bars
An interesting point here is that the kilo bar is an important unit that is traded on the Comex exchange in New York. This exchange is the world’s largest gold futures market, and Switzerland’s bulk gold export is for this market. The standard size of gold in the London market is a 400-ounce bar, but for the US the kilo bar is a key product.
Gold Prices May Rise in 2025 – US Slaps Tariffs on 1-kg, 100-oz Gold Bars Possible Impact
The decision to impose tariffs comes at a time when gold prices have risen by 27% in 2025. The main reasons behind this surge are inflation fears, rising government debt and a weakening US dollar. These factors are pulling investors towards gold as a safe-haven asset. But the new tariffs could disrupt the supply chain, which could have an even greater impact on prices.
Future Outlook – Where Will the Market Go After US Slaps Tariffs on 1-kg, 100-oz Gold Bars?
The question now is what long-term impact will this trade decision have on the global gold market. Will Switzerland find a new market for its exports, or will US buyers shift to alternative suppliers? One thing is for sure – this move has added to the uncertainty in the bullion market, and the next few months are going to be very crucial for the industry.
Disclaimer:
This article is for informational purposes only. The facts given in it are based on Financial Times reports and public sources. It is not a financial advice of any kind. The purpose of this article is to provide you with fresh updates. The article is written keeping in mind all the policy norms of Google Search Engine – without any spamming, keyword stuffing, or duplicate content.
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