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Customs duties will also apply:
Only bruises of one or more are affected.Keystone
New blow for Switzerland: the United States is now imposing customs duties on one kilo gold ingots. Moreover, The Swiss refineries, however, provided exemptions for large gold bars.
08.08.2025, 10:2508.08.2025. Therefore, 10:29
In a letter dated July 31, American customs authorities informed Swiss refineries that 1 kilo and 100 customs duties will also apply ounces were classified and subjected to a 39%customs right, writes the American daily Financial Times. Nevertheless, The Swiss industry had so far assumed that these ingots would be exempt from customs duties.
According to the article. the 1 kilo strip is the most frequently negotiated gold unit on the New York Commodities Exchange (Comex), the largest precious metal scholarship in the world. This ingot also represents the majority of Swiss gold exports to the United States.
“This pricing decision brings a new blow to the gold trade between Switzerland. the United States,” said Financial Times Christoph Wild, President of the Swiss association of manufacturers and traders of precious metals (ASFCMP). The latter added that customs duties on gold would make the satisfaction of yellow metal demand difficult.
More than customs duties will also apply 60 billion
Switzerland exported $ 61.5 billion in the United States between June 2024 and June 2025. This same volume would now be subject to additional 24 billion dollars. under the rate of 39% applied for Switzerland, which entered into force on Thursday.
“The dominant opinion was that the precious metals recovered by Swiss refineries. exported to the United States could be dispatched free of customs rights,” regretted the president of the ASFCMP. According to him, however, the customs classification of the various gold products is not always precise.
Several Swiss gold refineries have said they had spent months with lawyers to determine what types of gold products could be exempt. not. Two refineries have indicated to Financial Times Having temporarily reduced. interrupted their expeditions to the United States due to this uncertainty.
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