(MENAFN- Swissinfo) 'Gold will not be subject to tariffs,' American President Donald Trump wrote on the social network Truth Social on Monday. Last week, it was unclear whether the new tariffs would also be imposed on gold bars from Switzerland. This content was published on August 12, 2025 - 09:07 2 minutes Keystone-SDA

• Deutsch de Trump:“Gold wird nicht mit Zöllen belegt” Original Read more: Trump:“Gold wird nicht mit Zöllen belegt

Trump himself weighed in on the issue of gold tariffs after confusion and panic triggered by the revelation of US customs information dating back to July regarding custom duties on gold. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular.

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This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs that caused panic among specialists and on the markets. A customs document dated July 31 that was made public on Friday indicated that one-kilo and 100-ounce gold bars would be subject to customs duties . This was in fact“false information”, Bloomberg later reported, based on a statement by an official who requested anonymity.

For Switzerland, a major gold refining centre, a tax on gold would represent a further blow after Switzerland was hit on Thursday with heavy tariffs of 39% on its products entering the United States.

Until now, investors have always taken it for granted that gold was exempt, along with pharmaceutical products, which are under threat of a separate tariff. The Swiss Association of Manufacturers and Traders in Precious Metals (ASFCMP) expressed its concern on Friday about the possibility of taxation. A tax on gold“would make its export to the United States economically unviable”.

Adapted from German by DeepL/ac

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