US EditionTrump Tariffs: Did Swiss Gold Refiners Fuel the Crisis?
4 Articles
4 Articles
Trump tariffs: Did Swiss gold refiners fuel the crisis?
Many were baffled when Donald Trump slapped a steep 39% tariff on imports from Switzerland. The Swiss aren't known for flooding the US with cheap goods, but their outsize role in gold refining is distorting trade data.
Despite the unknowns, the 15% deal for Europe seems more and more like a half full glass. The blitz against Switzerland, the political punishments for...
Green President Lisa Mazzone demands export duties on precious metals amounting to five percent. Meanwhile, Switzerland suddenly imports more US gold than vice versa. Gold bars, as here in Zurich's cantonal bank: After the election of Donald Trump a sought-after good. Picture: KEYSTONEGreen President Lisa Mazzone demands export duties on precious metals amounting to five percent. Meanwhile, Switzerland suddenly imports more US gold than vice ver…
The Confederation ranks fourth in the world among the economies most affected by the new US customs duties. Between gold volatility, exclusion of services and poorly interpreted trade deficits, decryption of an economic sanction without consistency Switzerland remains in shock. With a customs rate of 39%, it ranks fourth in the world of the most taxed economies by Washington. These new protectionist measures, which are due to come into force on …
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