Gold will not be tariffed, says Trump amid chaos that shook the bullion markets
Donald Trump has announced that gold imports will not face additional tariffs. This statement comes after confusion arose regarding recent duty hikes. US customs authorities had suggested certain gold bars might be subject to duties. The initial letter caused concerns about potential disruptions to global gold trade. Trump clarified his stance on Truth Social, stating gold will not be tariffed.
PTI US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether his recent duty hikes applied to certain gold bars, threatening to upend global trade of the precious metal."Gold will not be Tariffed!" Trump said on his Truth Social platform, without providing further details. Last week, US customs authorities issued a letter saying that gold bars at two standard weights -- one kilogram and 100 ounces (2.8 kilos) -- should be classified as subject to duties.
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