瑞士黄金产业遭特朗普关税重击

Core Viewpoint - The article discusses the potential impact of U.S. tariffs on Switzerland's gold refining industry, which is a significant player in global gold trade, and highlights the political and economic implications of these tariffs for Switzerland [2][5][9]. Group 1: Impact of U.S. Tariffs - The U.S. is expected to clarify its stance on tariffs related to gold and other products, which has created uncertainty for Switzerland's gold refining sector [2][5]. - Switzerland exported approximately $61.5 billion worth of gold to the U.S. over the past year, significantly affecting the trade balance between the two countries [2][7]. - The Swiss government has vowed to continue negotiations for better trade agreements, but there are calls from some Swiss politicians for the gold industry to bear some responsibility for the trade issues [2][9]. Group 2: Global Gold Trade Dynamics - The global gold trade typically follows a "triangle model," with large gold bars being transported between London and New York, often refined in Switzerland [3][4]. - Swiss refineries are facing low profit margins and intense price competition, despite being the largest gold trading nation, handling about 20% of global gold trade [3][5]. - Recent trends show a reversal in gold flow, with Swiss exports to the U.S. nearly dropping to zero in recent months [3][4]. Group 3: Political and Economic Reactions - The Swiss precious metals industry is experiencing significant uncertainty due to changing U.S. tariff rules and domestic political backlash [5][9]. - Some Swiss politicians suggest that the gold industry should compensate for the economic impact of U.S. tariffs, with proposals for taxing the industry to offset losses [9][10]. - The Swiss banking sector has historically supported the gold refining industry, creating a robust business network that has positioned Switzerland as a leader in the global precious metals market [5][6].