Swiss Gold Refiners and the Impact of U.S. Tariffs
Originally Published 5 months ago — by dw.com
The US imposed a 39% tariff on Swiss imports, mainly targeting luxury goods, due to trade imbalances, with Swiss gold refining playing a significant role in inflating the trade deficit. Despite gold being exempt from tariffs, the sector's large volume and the way trade data is calculated have drawn scrutiny, leading to tensions and potential economic impacts for Switzerland. The Swiss government is seeking to continue negotiations and avoid retaliatory measures.