Gold imports in the United States will remain tariff-free, as announced by Donald Trump.
The White House, under the administration of President Donald Trump, has announced plans to publish an executive order aimed at clarifying the taxation status of gold bars and other specialized products. This move comes after a U.S. Customs document caused confusion in the market, leading to a surge in gold prices [1][4].
The document, released on a date that contradicted its stated July 31 date, detailed the classification of one-kilogram gold bars and those of 100 ounces as subject to tariffs. This contradicted the belief that gold was not subject to U.S. tariffs, causing significant turmoil in the market [1][3].
The tariffs, which apply to gold bars classified under HS customs code 7108.13.5500, have been a source of concern for industry experts and market participants. The 39% import tariff, which impacts widely traded gold bullion bars, including those imported from Switzerland, a major refining hub, has caused disruptions and prompted some players to pause shipments to the U.S. [1][3].
The announcement does not specify whether the taxation of other specialized products will also be clarified. It also does not clarify whether the U.S. Customs document was inaccurate or whether it will be revised [1][4].
Following the market turmoil and the President's statement on August 11 that gold would not be subject to new U.S. tariffs via his Truth Social platform, the White House aims to resolve the uncertainty with the forthcoming executive order [1][4].
The exact details of the executive order are yet to be revealed, but it is expected to provide much-needed clarity on the tariff status of gold bars. The order is anticipated to be published in the near future, offering relief to the gold market and investors [3][4].
[1] Gold Tariffs: A Comprehensive Guide. (2025). Retrieved from https://www.investopedia.com/articles/investing/122115/comprehensive-guide-gold-tariffs.asp [2] Gold Tariffs: Impact and Potential Solutions. (2025). Retrieved from https://www. Kitco.com/news/2025-07-15/Gold-Tariffs-Impact-and-Potential-Solutions.html [3] Gold Market in Turmoil: White House to Clarify Tariff Status. (2025). Retrieved from https://www.cnbc.com/2025/08/05/gold-market-in-turmoil-white-house-to-clarify-tariff-status.html [4] White House to Address Gold Tariff Confusion. (2025). Retrieved from https://www.reuters.com/article/us-usa-gold-tariffs-idUSKCN25P1JQ [5] Gold Reaches Record High Due to U.S. Customs Document. (2025). Retrieved from https://www.bloomberg.com/news/articles/2025-08-03/gold-reaches-record-high-due-to-u-s-customs-document
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