House » Regulation » Switzerland proposes investments in US gold refining trade
Sep. 29, 2025
Switzerland continues discussions, working to quell Washington’s concerns while addressing within criticism of its gold trade.
Key Takeaways
- Switzerland has proposed investing within the US gold refining trade as segment of trade talks to ease fresh US tariffs.
- The Trump administration imposed a 39% tariff on Swiss imports.
Allotment this text
Switzerland proposed investments within the US gold refining trade nowadays as segment of ongoing trade talks aimed at reducing tariffs. The proposal follows the Trump administration’s 39% tariff on Swiss imports.
Beneath the knowing, Swiss refiners would switch their lowest-margin activities to the US, such as melting down gorgeous gold bars traded in London and recasting them into the smaller 1-kilogram bars appreciated in Original York.
Officials imagine the circulate could well well ease tensions by addressing US concerns over trade imbalances while furthermore reducing distortions within the bullion market.
Swiss govt representatives described the offer as segment of a broader kit of concessions spanning energy, agriculture, and financial services and products. On the opposite hand, trade executives warned that the economics of transferring refining to the US remain demanding.
Negotiations with the US Treasury and Alternate Representative are ongoing, with Bern pushing for a swift reduction of the tariffs.
