The move could hit Switzerland, the world’s largest refining hub, and disrupt the global bullion market, analysts warn
The US has imposed tariffs on imports of gold bars, according to media reports on Friday, citing a notice from Customs and Border Protection (CBP). Analysts say the decision could harm Switzerland’s gold refining sector and shake up the global bullion market.
According to the Financial Times, which first broke the story, CBP stated in a July 31 ruling letter that 1kg and 100-ounce gold bars – the most commonly traded formats – should fall under a customs code subject to tariffs.
The reported move brings gold bars under US…
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