Trump Says Gold Imports Will Not Face US Tariffs
President Donald Trump said Monday imports of gold will not face US tariffs.
“Gold will not be Tariffed!” Trump posted on social media.
Gold futures traded on New York’s Comex and the global benchmark for spot prices in London were little-changed after Trump’s post.
A White House official suggested last week the administration would issue a new policy clarifying whether gold bars would face import taxes, after a US government agency stunned traders by formally ruling the imports would be subject to duties.
Source: Bloomberg