Gold will not be tariffed, says Trump

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.The turmoil in the bullion market emerged after a White House official suggested last week that the Trump administration would issue a new policy clarifying whether gold bars would face import taxes.

from Economic Times https://ift.tt/7aPWOTw