LBMA Says It’s Seeking Clarification on Recent US Customs Ruling

The London Bullion Market Association said it’s seeking clarification on the recent US Customs and Border Protection ruling on reciprocal tariffs for gold bars.

“This development contrasts with the publicly stated intention by the US government in April 2025 to exempt bullion from reciprocal tariffs,” the LBMA said Friday in a statement on its website. LBMA said it’s liaising closely with members, market infrastructure providers and authorities in the UK, Europe and US to clarify the ruling’s application and alignment with previous public statements.

To contact the reporter on this story:
Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact ...