US authorities have imposed tariffs on imports of\u00a01kg and 100oz gold bars<\/strong>, a decision that could disrupt global bullion flows and severely impact\u00a0Switzerland<\/strong>, the world\u2019s largest gold refining hub. The measure, confirmed by the\u00a0US Customs and Border Protection (CBP)<\/strong>, removes previous exemptions and subjects these bars to a\u00a039% duty<\/strong>, potentially costing Swiss exporters an additional\u00a0$24 billion<\/strong>\u00a0in fees.<\/p>\n According to internal documents obtained by the\u00a0Financial Times<\/strong>, the new customs classification took effect this Thursday after weeks of industry uncertainty. The affected bars are the most commonly traded on the\u00a0Comex<\/strong>, the leading gold futures market, and account for the majority of Swiss gold exports to the US.<\/p>\n This decision adds to growing tensions between the two nations. Last week, the\u00a0White House<\/strong>\u00a0announced new tariffs on Swiss goods, signaling an escalation in protectionist measures. Over the past 12 months alone,\u00a0Switzerland exported $61.5 billion worth of gold to the US<\/strong>, a flow now facing unprecedented barriers.<\/p>\n Christoph Wild<\/strong>, president of the\u00a0Swiss Association of Manufacturers and Traders of Precious Metals<\/strong>, called the move\u00a0“another blow”<\/strong>\u00a0to the industry.\u00a0“This tariff will make it harder to meet US gold demand and could distort the market,”<\/em>\u00a0he warned.<\/p>\n Earlier in 2025, traders stockpiled record reserves in\u00a0Comex<\/strong>\u00a0ahead of expected tariffs, causing a\u00a0temporary shortage in London<\/strong>. However, unclear exemptions have led some Swiss refiners to\u00a0reduce or suspend shipments<\/strong>\u00a0to the US.<\/p>\n “The initial interpretation was that Swiss-refined gold was exempt, but customs classifications aren\u2019t always clear-cut,”<\/em>\u00a0Wild explained. Several firms told the\u00a0FT<\/strong>\u00a0they had spent months consulting lawyers to determine which products might avoid the duties.<\/p>\n As the market adjusts to the new rules, gold continues its upward surge, surpassing\u00a0$3,500 per ounce<\/strong>\u00a0this Friday\u2014up\u00a027% since late 2024<\/strong>. Key factors include:<\/p>\n Inflation fears<\/strong><\/p>\n<\/li>\n Rising public debt<\/strong><\/p>\n<\/li>\n A weakening dollar<\/strong><\/p>\n<\/li>\n<\/ul>\n which have boosted its appeal as a\u00a0safe-haven asset<\/strong>.<\/p>\n The global gold flow\u2014traditionally triangular (London-Switzerland-New York<\/strong>)\u2014could shift if tariffs remain. While\u00a0London<\/strong>\u00a0deals in\u00a0400oz bars<\/strong>\u00a0(brick-sized), the\u00a0US<\/strong>\u00a0prefers\u00a01kg bars<\/strong>\u00a0(smartphone-sized). If Swiss exports decline, the market may need alternatives, potentially increasing\u00a0price volatility<\/strong>.<\/p>\n This move not only impacts traders but reflects a broader\u00a0protectionist trend<\/strong>\u00a0that could extend to other sectors. Gold, long a barometer of global economic health, is once again at the center of an uncertain landscape.<\/p>\n By Orlando J. Guti\u00e8rrez<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":" New 39% Duties on 1kg and 100oz Gold Bars Threaten Bilateral Trade and Could Destabilize the Global Precious Metals Market<\/p>","protected":false},"author":1,"featured_media":11770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_joinchat":[],"footnotes":""},"categories":[83,8,11,13],"tags":[1051,943,929,143,1055,358,1054,1053,1052],"class_list":["post-11769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comercio","category-economia","category-global","category-minerales","tag-comex","tag-dollar","tag-gold","tag-inflation","tag-international-trade","tag-precious-metals-market","tag-switzerland","tag-tariffs","tag-usa"],"acf":[],"_links":{"self":[{"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/posts\/11769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/comments?post=11769"}],"version-history":[{"count":5,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/posts\/11769\/revisions"}],"predecessor-version":[{"id":11777,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/posts\/11769\/revisions\/11777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/media\/11770"}],"wp:attachment":[{"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/media?parent=11769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/categories?post=11769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/es.middlemen.network\/en\/wp-json\/wp\/v2\/tags?post=11769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Another Blow To US-Swiss Trade Relations<\/h3>\n
Less Swiss Gold Heading To The US?<\/h3>\n
Gold At Record Highs: What\u2019s Driving The Rally?<\/h3>\n
\n
Will The Market Be Reshaped?<\/h3>\n