White House to Clarify Gold Tariffs After Ruling Sparked Chaos

The Trump administration suggested it would issue a new policy clarifying that imports of gold bars shouldn’t face tariffs, after a US government agency stunned traders by formally ruling that they’d be subject to duties.

The administration intends to post an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House official told Bloomberg in a written statement. The official detailed the plans Friday on condition of anonymity.