The US imposed a 39% tariff on imports from Switzerland, leaving many puzzled. While Switzerland isn't a major exporter of inexpensive goods to the US, its significant role in gold refining is skewing trade statistics. The tariff, part of the Trump administration's trade policies, aims to address trade imbalances, but its impact on the Swiss gold refining industry and the global gold market remains to be seen. Experts are analyzing the long-term consequences of this decision.