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New blow switzerland, gold also new:
New blow switzerland, gold also: This article explores the topic in depth.
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New blow switzerland. However, gold also:
The United States now imposes customs duties on one kilo gold ingots, according to the Financial Times. In addition, The Swiss refineries, however, provided exemptions for large gold bars.
In a letter dated July 31. Meanwhile. However. However, the American customs authorities informed Swiss refineries that 1 kilo and 100 ounces were classified and subjected to a 39%customs right, writes the American daily. Moreover, The Swiss industry had so far assumed that these ingots would be exempt from customs duties.
>. >. Our monitoring of customs duties: Pans of the Swiss economy in the expectation after the “blow” of American taxes
According to the article. the 1 kilo strip is the most frequently negotiated gold unit on the New York Commodities Exchange (Comex). the new blow switzerland, gold also new largest new blow switzerland, gold also new precious metal scholarship in the world. This ingot also represents the majority of Swiss gold exports to the United States.
Volume of new blow switzerland, gold also $ 61.5 billion – New blow switzerland, gold also new
“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 Metal Metals (ASFCMP) told Financial Times. Christoph Wild added that gold duties on gold would make the satisfaction of yellow metal demand difficult.
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.
Not precise classification
“The dominant opinion was that the precious metals recovered by Swiss refineries. exported to the United States new blow switzerland, gold also new could be dispatched free of customs rights,” regretted the president of the ASFCMP. According new blow switzerland. gold also new 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 new blow switzerland. gold also to determine what types of gold products could be exempt. not. Two refineries told the Financial Times that it has temporarily reduced. interrupted their expeditions to the United States due to this uncertainty.
ats/asch
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