Salem Radio Network News Saturday, October 11, 2025

Business

US imposes tariffs on one-kilo gold bars, FT reports

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WASHINGTON (Reuters) -The United States has imposed tariffs on imports of one-kilo gold bars, the Financial Times reported on Thursday, citing a letter from Customs Border Protection.

The letter – dated July 31 – said one-kilo and 100 ounce gold bars should be classified under a customs code subject to levels, according to the newspaper, which added that the move could impact Switzerland, the world’s largest refining hub.

(Reporting by Jasper Ward)

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