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Tag Archives: Switzerland

US Hits Swiss Gold with Shock Tariffs, Shaking Global Market

August 8, 2025 0

On July 31, 2025, the US Customs and Border Protection (CBP) issued a ruling that reclassified one-kilogram and 100-ounce gold bars under customs code 7108.13.5500, subjecting them to a 39% tariff. This decision, which overturned industry expectations that these bars would remain exempt under code 7108.12.10, has sent shockwaves through the global bullion market. Switzerland, the world’s leading gold refining …