Switzerland proposes that gold refineries be moved to the USA in an attempt to negotiate down the tariffs, according to two anonymous sources to the news agency Reuters.
This summer, US President Donald Trump announced that Switzerland will receive import tariffs of 39 percent for deliveries to the country.
Switzerland is an important country for the global gold trade. It is often described as triangular where gold is usually traded in London or New York but then has a stopover in Switzerland for remelting.
