This resolution contrasted with the expectations of the sector, which anticipated an exemption of tariffs, and caused a strong rebound in the price of gold futures in the US market.
According to Bloomberga White House official indicated that the Administration was studying to issue a new policy to clarify the situation. Finally, Trump settled the theme on his social truth profile: “Gold will not be subject to tariffs!”.
The agency warned that maintaining the measure would have had Wide consequences for the world gold market and could affect the functioning of American futures contracts.
The linges of one kilo, the most negotiated in the Comex, represent most of the Swiss exports to the US, a country that faces commercial tensions with Switzerland After imposing a 39% tariff on its importsincluding gold.
Tariffs: Donald Trump extended the truce with China for another 90 days
The president of the United States, Donald Trump, decided to extend for another 90 days the tariff truce with China, according to the CNBC chain on Monday, citing sources from the White House, a few hours after US tariffs on Chinese products return to three -digit rates.
The order followed a response without commitment to Trump to journalists about whether it would expand the lowest tariff rates one day after you urge Beijing to quadruple their American soybean purchases.
The tariff truce between Beijing and Washington expired on Tuesday, August 12. The order prevents US tariffs on Chinese products from shooting up to 145%while Chinese tariffs on US products were going to reach 125%, rates that would have given rise to a virtual commercial embargo.
“We will see what happens,” Trump said at a press conference, when asked how he planned to expand the deadline. “They have been trying quite well. The relationship is very good with President XI (Jinping) and with me.”
Imports from China are currently attached to tariffs of 30%, including a base rate of 10% and 20% in Fentanyl related tariffs imposed by Washington in February and March. China had matched the de -escalated, lowering its rate on US imports at 10%.
Source: Ambito
