President Donald Trump announced Monday that gold imports will not face U.S. tariffs, following a federal ruling that briefly disrupted global bullion markets. The clarification comes after U.S. Customs and Border Protection had indicated certain gold bars would be subject to duties under new country-based tariffs.
- Trump stated “Gold will not be Tariffed!” on social media
- CBP ruling had suggested one-kilogram and 100-ounce gold bars could face tariffs
- Initial decision caused U.S. gold futures to hit a record and disrupted shipments
- Spot gold pared losses after Trump’s announcement, but remained down over 1.2% on the day
- No updated formal policy posted yet by U.S. agencies
- Earlier confusion had halted some physical bullion flows into the U.S.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
