Gold, possible lever negotiations american: This article explores the topic in depth.
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Gold. Similarly, possible lever negotiations american:
While the Federal Council wants to continue negotiations with the United States concerning customs duties, the gold trade could weigh in the balance. Meanwhile, This good, one of the most exported in Switzerland, is exempt from taxes. However, according to the Sonntagszeitung, voices are raised to change.
Gold exports massively inflate the famous American trade deficit, quoted by Donald Trump as the reason for these 39%customs taxes. In addition, Switzerland is home to the largest refineries in the world.
>> Read also: Donald Trump justifies customs duties of 39% imposed on Switzerland by “a deficit of 40 billion”
However. Consequently, this gold is not produced in Switzerland, but imported, mainly from London. Furthermore, The 12kg English ingots must be overhauled to be adapted to American standards. are then returned from Switzerland to the United States in the form of one kilo bars.
This transformation service gold, possible lever negotiations american is expensive to Switzerland. The total value of gold is recognized in the trade balance. giving the impression that Switzerland sells many more “goods” in the United States to buy it.
In the first half of this year. faced with the reigning uncertainty around geopolitical tensions and future customs duties, Switzerland has indeed exported a record quantity of almost 500 tonnes of gold to the United States, for a value of 38 billion francs.
>> Read also: Swiss gold. a new strategic ally of the United States in a world in full disorder
Several tracks – Gold, possible lever negotiations american
According to La Sonntagszeitungit would therefore be necessary to get the gold out of the trade balance so that it reflects the reality of industrial exchanges and is not distorted by this transit trade. Several tracks are mentioned Sunday in the newspaper to correct this “statistical distortion”.
He notably proposes to return gold to London to gold, possible lever negotiations american leave there. tax the sector or even change the nature of the transaction. If the sale was processed by international banks. by the Swiss National Bank (BNS), the transfer would then be considered as a flow of capital and no longer as a trade in goods.
Blurring area
However, one element remains to be clarified: is gold really understood in these statistics? Contacted by RTS. an actor in the sector explains that to correct what industry considers as a statistical anomaly, discussions took place with Bern at the time of negotiations with the United States.
“Via our umbrella association. we said in SECO that these golden flows should be excluded from the calculations, because it is actually a motto and not an ordinary goods,” he said. The vagueness therefore still persists on the consideration of gold. not in the calculations or not, which could change the situation.
Deborah Sohlbank/edel
Further reading: Argovie: the Swiss canton Champion of electric scooters – Reduced fine for Credit Suisse in the Currency Cartel – The reactions of August 1 Black – CFF: French -speaking Switzerland, abandoned by night trains – In Zurich, the Maag Halle at the heart of an urban and legal battle – RTS.CH.
