Trump announced the removal of import tariffs on gold

• Trump announced the removal of import tariffs on gold.
• Gold prices fell after the President's announcement.
• Switzerland remains an important player in the gold market.

Main News

On Monday, September 11, 2025, U.S. President Donald Trump announced that gold imports will not be subject to tariffs. This announcement was made public on his post on the platform Truth Social. Earlier, the U.S. Customs Service reported that gold ingots weighing one kilogram and 100 ounces could fall under new tariffs.

The White House confirmed that an executive order clarifying the levels of tariffs on this precious metal will be issued as soon as possible.

Key Facts

This news impacted gold prices. On Monday, futures for gold on the New York commodity exchange fell by more than 2% following speculation about potential tariffs. Previously, 39% of tariffs on goods from Switzerland, which holds significant gold reserves, impacted the market.

Tags: USA/Economy