The United States has imposed tariffs on imports of 1 kilograms and 100 ounces of gold bullion, a surprise move that threatens to disrupt the global flow of bullion and directly hit Switzerland, the world's largest gold refining center.

The new tariffs come after these bullion bullion were reclassified under a taxable customs code, contradicting previous expectations that they would be exempt from the tariffs imposed by US President Donald Trump.

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