US targets one-kilo gold bars with new tariffs, pressuring Swiss exporters: Report

The United States has imposed tariffs on imports of one-kilo and 100-ounce gold bars, disrupting Switzerlands gold exports and sending a jolt through the global bullion market. A US Customs ruling has reclassified these bars under a taxable code, ending previous exemptions. The decision could trigger billions in new duties and has already led to supply cuts and price shifts in gold futures markets. Swiss refineries now face rising legal ambiguity and potential long-term damage to their US trade links.