CNG message on tariffs

Me, if my collecting ability is seriously hampered.

 

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I am trying to find out what the situation is on tariffs for UK-US on gold coins such a sovereigns which are bullion priced based but have a premium because they are aloso collectable. Eg in gold a bullion sovereign has a AU value of @$750 but a collectable one maybe $1000. How does US tariffs impact these type of coins?

 

I'd start looking through the tariff orders for those details, but they would likely change before I got to the end.

Whatever one's opinion on the tariffs, I can't imagine how businesses are supposed to plan when the rules change from day to day.

 

The latest Aaron Berk youtube podcast, with 36 and 39 minutes, respectively, being the most relevant part, addressed the tariffs. Mr. Berk pointed out that the 1977 statute did not include art and ancient coins, and also pointed out that antique cars were suddenly exempted.

This is a negotiating ploy. I expect most of the tariffs to go away soon, but it still makes it tough to order from overseas until there's some clarity.

*Assuming* the 10% sticks and there isn't a de Minimis, that stinks, but I can squeak by with my regular buys, but it'd make buying 'budget' gold more difficult.

A *budget* solidus from a French dealer (which was ordered and in the mail slightly before April 2nd) just squeaked over the De minimis line, arrived without problems.

 

Just so everyone knows all tariffs have been paused for 90 days, except china. And something that I had heard was that Gold and Silver were exempt.

 

Also some (?) electronics, even from China, as of late Friday night.

See "how businesses are supposed to plan" above. I've already spent one full business day in the past week scrambling to gather import/export data, and I'm just a lowly software developer.

 

I'm confused. So is the 10% still in place or is it all, save for China? The news didn't make it very clear. I can live with the latter situation, but any (probably unlawful) tariffs on coins and art need to go.

 

The Tariffs were put on a 90 day hold for evaluation, over 70 of the countries came to the bargaining table. China was the only country that retaliated. The tariffs on Chinese goods are 145% at this time.
All other countries are on hold. I still can't find anything on the gold or silver. Maybe someone can hunt that one down. I have only heard that from talk, don't know if it is true or not.

 

I'm hearing now that the exemption for electronics is only temporary. Whatever that means.

 

I told my wife that I am glad I recently retired. You cannot run international companies, plan, cost out, forecast, source inputs and raw materials, schedule production, etc. under these constant tariff changes. The tariff increases always get passed on into end-user (consumers.) Companies may SAY they absorb them, but that is just for good press. They will all be charged over time back into the end-user prices…

Now the gold bullion market is under a ruckus over the recent 49% tariffs, including gold, on inbound Switzerland goods. The US trade deficit with Switzerland is due to gold purchases into the US.

 

The 39% tariff was an error made by a customs agent.

 

I received $8000 worth in 2 coins from Holland mailed the middle of July and had to pay almost $500 in customs and tarrifs to the U.S.P.S before they would let me have the package.

 

$500 on $8000, that’s only 6%, how was this argumented?