You are here
U.S. hits 1-kilo and 100-ounce gold bars with tariffs in blow to refining hub Switzerland
By Leslie Hook
Financial Times, London
Thursday, August 7, 2025
The United States has slapped tariffs on imports of 1-kilo gold bars, in a move that threatens to upend the global bullion market and deal a fresh blow to Switzerland, the largest refining hub.
The Customs Border Protection agency said 1-kilo and 100-ounce gold bars should be classified under a customs code subject to levies, according to a so-called ruling letter dated July 31, which was seen by the Financial Times. Ruling letters are used by the U.S. to clarify its trade policy.
... Dispatch continues below ...
... ADVERTISEMENT ...
The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce,
are now available from Tara Coins directly and from authorized distributors in the U.S. and worldwide
The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce, are now available from Tara Coins directly or from authorized distributors in the United States and worldwide.
The Gold and Silver Trees of Life are the first 99.99% Irish bullion rounds and are truly sovereign (non-legal tender) coins. They are beautiful and limited in mintage and supply, making them highly desirable as gifts, collectible coins, and -- most importantly -- as stores of value.
Tara Coins is a designer, wholesaler, and retailer of Irish bullion products, selling beautiful, collectible, store-of-value, 99.99% pure Irish silver and gold bullion.
GATA supporter Money Metals Exchange is now one of Tara Coins' leading distributors in the U.S. and is selling all the Gold and Silver Trees of Life coins for delivery or storage at its vault in Idaho.
For more information about Tara Coins' Gold and Silver Trees of Life, including minimum order sizes and premiums to purchase them, please contact us at info@taracoins.com or visit us at https://www.taracoins.com/.
The CBP's decision stands in sharp contrast with the industry's previous expectations that these types of gold bars should be classified using a different customs code that is exempt from Trump's countrywide tariffs.
One-kilo bars are the most common form traded on Comex, the largest gold futures market, and comprise the bulk of Switzerland's bullion exports to the U.S. ...
... For the remainder of the report:
https://www.ft.com/content/78be1315-608d-43c6-b8e7-80b9e18c5ce7
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
