US Surprises Gold Bullion Market With Gold Bar Import Tariff

Trade Policy & Tariffs - The US imposed tariffs on imports of one kilo gold bars from Switzerland [1] - Anticipation of tariffs led to front-loading of gold purchases, contributing to higher tariffs for Switzerland [2] - Switzerland's trade surplus with the US increased significantly, drawing attention from the Trump administration [3] - Switzerland faces a 39% tariff rate, among the highest in the developed world [4] - Companies need clarification on how tariff rates apply to products with complex supply chains [6] Global Trade System - The global trading system took 60-70 years to build, but the Trump administration is attempting to remake it quickly [6] - Lack of clarification from the Customs Bureau on tariff application is a growing concern [5]