AuAltinavcisiPrecious metals news and analysis

Metals markets

White House Confirms China Tariffs at 145%, Not 125% as Previously Reported

Gold Imports from Switzerland Up 1,100% on Trade Concerns
Gold Imports from Switzerland Up 1,100% on Trade Concerns

President Trump’s tariff on Chinese imports is now 145%, higher than the previously reported 125%.

This was clarified when the executive order was released Thursday, revealing that the new 125% “reciprocal tariff” is in addition to existing 20% duties imposed earlier for fentanyl and immigration issues.

The announcement comes in a week of tariff developments, including Trump’s 90-day pause on tariffs for countries other than China, which caused the S&P 500 to surge by 9.5%.

Eight more from the desk

Other dispatches from the bullion wire.

Brazil Scraps BRICS Currency Plan, Seeks Dollar AlternativesMetals marketsBrazil Scraps BRICS Currency Plan, Seeks Dollar Alternatives
New Study Shows S&P 500 Most Expensive Ever vs. Worker PayMetals marketsNew Study Shows S&P 500 Most Expensive Ever vs. Worker Pay
Conflicting Narratives: US Reportedly Approaches China for Tariff Talks While Publicly Demanding Beijing Make First MoveMetals marketsConflicting Narratives: US Reportedly Approaches China for Tariff Talks While Publicly Demanding Beijing Make First Move
Housing Market Hits Speed Bump: Builder Confidence at 5-Month LowMetals marketsHousing Market Hits Speed Bump: Builder Confidence at 5-Month Low
China Declares Tariffs ‘Meaningless,’ Pivots to Targeting Boeing and Critical MineralsMetals marketsChina Declares Tariffs ‘Meaningless,’ Pivots to Targeting Boeing and Critical Minerals
Gold Imports from Switzerland Up 1,100% on Trade ConcernsMetals marketsMetal Markets Brace for Reshuffling as US Tariffs Target Key Allies
Senate GOP Advances Trump’s $6.5 Trillion Economic Package Amid Market TurbulenceMetals marketsSenate GOP Advances Trump’s $6.5 Trillion Economic Package Amid Market Turbulence
Gold Price Drops Below $3,350 on Strong U.S. Jobs ReportMetals marketsWarning Signs for U.S. Economy as FedEx Reports Persistent Freight Weakness