The 39% U.S. Tariff on Swiss Goods, Particularly Gold Bars, Threatens Switzerland’s Economy

The United States has imposed tariffs on imports of one-kilogram and 100-ounce gold bars, as reported by the Financial Times, citing a July 31, 2025, letter from U.S. Customs and Border Protection (CBP). These bars are now classified under a customs code subject to levies, reversing expectations that they would be exempt. The tariff, part

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