In addition,
Direct – customs duties: gold:
Here. Nevertheless, 10h18
New blow for Switzerland: the United States now imposes customs duties on Les lingots d’ors One kilo, according to the Financial Times. Similarly, The Swiss refineries, however, provided exemptions for large gold bars.
Imago/Alexander Limbach
In a letter dated July 31. Similarly, the American customs authorities informed Swiss refineries that 1 kilo and 100 ounce gold wearing should be classified and subject to a 39%customs right, writes the American daily. direct – customs duties: gold Meanwhile, The Swiss industry had so far assumed that these ingots would be exempt from customs duties.
According to the article. Nevertheless, 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,” Times Christoph Wild, president of the Swiss Association of Manufacturers and Precious Metals (ASFCMP) told Financial Times. Mr. Wild added that gold duties on gold would make the satisfaction of yellow metal demand difficult.
More than 60 billion – Direct – customs duties: gold
Switzerland exported $ 61.5 billion in the United States direct – customs duties: gold 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 told the Financial Times to have temporarily reduced. interrupted their expeditions to the United States due to this uncertainty.
Further reading: Zurich grant: in green, despite customs pressure – He stole with Trump, he says – La Chaux-de-Fonds: The bells will sound in memory of the storm – Vaud: Justice gives the green light to the Vernette discharge – The US-State agreement will indirectly affect Swiss industry.
