Trump Tariffs Affect Swiss Gold Trade, Impacting U.S. Trade Surplus, Report Reveals

A recent paper by the Swiss National Bank (SNB) indicates that the tariffs implemented during Donald Trump's presidency have had a significant impact on the flow of gold between Switzerland and the United States. The findings suggest that these tariffs have created an unexpected distortion in the U.S. trade surplus figures, raising questions about the accuracy of trade data reporting.

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Swiss Gold Exports to U.S. Soar Amid Tariff Fears

In an unprecedented twist of economic activity, Switzerland's gold exports to the United States have surged to record levels, driven primarily by apprehensions surrounding potential tariffs that could reshape trade dynamics. According to recent trade data, Swiss gold shipments to the U.S. reached an astonishing value of $5 billion in January alone, marking the highest monthly figure recorded in history.

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