Financial Times: US hits one-kilo gold bars with tariffs ...Middle East

US hits one-kilo gold bars with tariffs in blow to refining hub SwitzerlandUS Customs Border Protection agency said one-kilo and 100 ounce gold bars should be classified under a customs code subject to levies

The Financial Times is gated. In brief:

The United States has placed tariffs on imports of one-kilogram gold bars, the Financial Times reported Thursday, citing a letter from U.S. Customs and Border Protection.Dated July 31, the letter stated that one-kilo and 100-ounce gold bars should be classified under a customs code that makes them subject to levies. According to the report, the change could affect Switzerland, the world’s largest gold refining centre. This article was written by Eamonn Sheridan at investinglive.com.

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