US imposes tariffs on one-kilo and 100-ounce gold bars after customs ruling
The newspaper explained that Washington issues ruling letters to provide official clarification on aspects of its trade policy.
The newspaper went on to say that the CBP's ruling contradicts the industry's earlier belief that these gold bars would fall under a different customs code, which would exempt them from Trump's tariffs.
One-kilo bars, the main form traded on Comex, make up most of Switzerland's gold exports to the United States, according to the report.
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