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Will the 25% import tariff on Canada apply to gold and silver from the Canadian Mint?

tincuptincup Posts: 5,265 ✭✭✭✭✭
in Precious Metals

Sounds like tariffs may be reality and taking place., (NOT a political discussion thread to discuss merits or if it is a wise move or not). So.... what happens to the price of gold and silver Maple Leafs that distributors get from the mint? Automatic 25% increase? I haven't heard of any potential exemptions... so assume that will apply? Also the same for Mexico Libertads, etc.

----- kj

Comments

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    F the tariffs. God Bless The Commonwealth......before she goes bankrupt. LULZ. RGDS!

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    Looks like another nothingburger. Announced and cancelled all in the same day. RCM prices didn't even budge. LOL THKS!

  • VanHalenVanHalen Posts: 4,225 ✭✭✭✭✭
    edited February 3, 2025 4:48PM

    The only ones going into effect are the 10% tariffs on Chinese imports. I think that would have amount to around $120 billion dollar a year tariff.

  • ChoppyChoppy Posts: 30 ✭✭

    @VanHalen said:
    The only ones going into effect are the 10% tariffs on Chinese imports. I think that would have amount to around $120 billion dollar a year tariff.

    This is on top of the 19% tariff that already exists. So, 29%. Paid for by American importers and, ultimately, the American consumer.

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