UBS On-Air: Market Moves UBS On-Air: Paul Donovan Daily Audio 'All that’s gold does not glitter'
6 snips
Aug 8, 2025 The U.S. has implemented trade taxes on gold bullion imports, affecting American investors. This ruling complicates the hedging strategies of those buying gold to counter inflation. The discussion dives into how tariffs are enforced and the liabilities of gold importers, emphasizing the legal implications for citizens holding gold bars. The conversation also touches on market dynamics and insights from central banking, providing a layered understanding of these recent regulatory changes.
AI Snips
Chapters
Transcript
Episode notes
US Gold Imports Subject to Tax
- US Customs declared that imports of 1 kg and 100 ounce gold bars are subject to trade taxes.
- This makes US buyers pay tariffs on physical gold used to hedge inflation caused by Trump's trade taxes.
Gold Holders Face Tariff Loss
- US citizens importing specific gold bars between April 9 and August 7 owe 10% of the import value in tariffs.
- This reduces the effective value of their gold holdings by 10%.
Importer Bears Tax Liability
- Liability for gold import tariffs is on the US importer, not the exporter.
- Gold bullion prices in New York trade at a premium due to duty-paid gold demand.