Group 1 - The Trump administration plans to clarify that imported gold bars should not be subject to tariffs, following confusion caused by a previous announcement [1][4] - The U.S. Customs and Border Protection (CBP) had unexpectedly classified gold bars as subject to a 39% tariff, which was a significant increase from the previous 10% [4][7] - The imposition of tariffs on gold bars, particularly the 1-kilogram and 100-ounce bars, has raised concerns about the impact on the U.S. gold trading activities, as these bars are central to the market [7][8] Group 2 - The Swiss precious metals industry has expressed that the tariffs make exporting gold to the U.S. economically unfeasible, potentially eliminating any future trade deficits [7][8] - Analysts suggest that the global gold market may need to adjust its supply chain and explore alternative sourcing strategies to mitigate the impact of the tariffs [8][9] - The introduction of tariffs could lead to increased costs for importing gold, affecting the settlement of futures contracts on the Comex [8][9]