Bullion Markets Relieved Trump Won’t Levy Tariffs on Gold
Earlier this week, President Donald Trump posted that he wouldn’t impose tariffs on gold. This announcement was welcomed by the international bullion markets, as it resolved uncertainty that the precious metal would be entangled in the ongoing international trade tensions. It came after U.S. Customs and Border Protection posted on its site that the American government might impose import duties on popular gold bullion bars, based on their country of origin, a move that could shake up global gold trade flows. Shortly after this, a White House spokesperson told Reuters that the Trump administration was drafting an executive order to…