Furthermore,
Customs duties gold: ridge says new:
Keystone-SDA
The Swiss association of manufacturers. Furthermore, traders of precious metals (ASFCMP) said on Friday worried about the repercussions regarding the American customs duties to gold. However, This taxation makes export not profitable, she said. In addition,
(Keystone-ATS) The ridge underlines, in a position obtained by the AWP agency, having taken note of customs duties of 39% at the entrance to the American territory and also of the “clarification” coming from the customs service and the protection customs duties gold: ridge says new of the border of the United States “concerning the classification code” of the 1 kg and 100 ounce bruises, which is not included in the reciprocal tariff list “. Gold would therefore not be part of this “appendix II” which brings together products exempt from surcharge.
This applies to Switzerland but also to ingots from any country, adds the professional association. This “fears” that this “specific provision affects the international flow of physical gold”.
Christoph Wild. president of the ASFCMP cited in the document, explains that “we are particularly concerned with the implications of customs duties on the gold industry and the physical exchange of gold with the United States, a historic partner of Switzerland.
The organization says it recognizes “the impact to short-term of gold on the trade balance at the beginning of 2025. which was an exceptional situation created by the reaction of the US markets to uncertainty around future customs customs duties gold: ridge says new and the global geopolitical situation”. The fact that the situation “was completely reversed in April illustrates this point perfectly. »»
The ridge specifies that the taxation of gold taxes “makes its export to the United States economically non-viable. thus eliminating any future trade deficit” to exports of this precious metal.
The ASFCMP says it is engaged in a “constructive dialogue. oriented towards solutions” with the American authorities and international partners “in order to ensure a fair, practical and predictable commercial environment” for all parties.
She also discusses with the Swiss authorities. the London Bullion Market Association (LBMA), the World Gold Council (WGC) and key American entities, while recalling that the sector “does not depend” that on the only “important” Statesunian market.
Customs duties gold: ridge says new
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