In a significant development for the numismatic and bullion community, gold, silver, platinum, and palladium have been granted exemption from the 10% baseline tariff on imports from all countries. This exemption, announced by the White House in a fact sheet released on April 2, 2025, ensures that precious metals remain tariff-free under President Trump’s trade policy. The International Emergency Economic Powers Act (IEEPA) serves as the legal basis for this exemption, as part of a broader strategy to address trade deficits and nonreciprocal trade practices.
The National Coin & Bullion Association (NCBA) has been actively monitoring these developments and welcomes this victory for the industry. The 10% tariff, while applying to various imports, explicitly excludes bullion, which encompasses gold, silver, platinum, and palladium in various forms like coins, bars, and ingots. Market reactions have already reflected this exemption, with premiums for platinum and palladium showing a decline in response.
While the White House has announced higher reciprocal tariffs targeting specific countries, the exemption for bullion remains unaffected across both tariff tiers. This exemption recognizes the importance of imported precious metals to the U.S. economy and acknowledges that imposing tariffs on bullion would counteract the intended goals of the trade policy.
The exemption of palladium bullion from the 10% tariff underscores the significance of these precious metals in global trade and investment. The decision to exclude bullion from the tariff regime is a strategic move that acknowledges the essential role of these metals in various industries, including jewelry, electronics, and automotive sectors. This exemption ensures that the supply chain for palladium remains uninterrupted, benefiting both producers and consumers in the market.
The National Coin & Bullion Association (NCBA) has played a crucial role in advocating for this exemption, emphasizing the importance of a tariff-free environment for the industry’s growth and stability. The exemption of palladium bullion from tariffs aligns with the association’s efforts to promote fair trade practices and support the interests of its members. This decision reflects a broader understanding of the economic significance of palladium and its role in driving innovation and technological advancements.
The exemption of palladium bullion from tariffs is a positive development for investors and collectors in the precious metals market. This decision not only ensures continued access to palladium at competitive prices but also signals a favorable environment for investment in these metals. By exempting palladium bullion from tariffs, the government has acknowledged the unique value of this metal and its importance in various industrial applications, reinforcing its status as a sought-after commodity in the global market.
Overall, the exemption of palladium bullion from the 10% tariff underscores the strategic importance of precious metals in international trade and economic policies. This decision reflects a nuanced understanding of the market dynamics and the role of palladium in driving industrial growth and innovation. As the industry continues to evolve, such exemptions play a vital role in supporting the stability and growth of the precious metals market, ensuring a conducive environment for investors, collectors, and industry stakeholders.
🔗 Reddit Discussions
- So I inherited about $30k in gold coins from a loved one. Can I sell these at a coin shop and deposit in my bank without issues?
- I was recently told gold coins will always hold more value above spot vs bars. Is this true?
- Found 83 gold coins at the bottom of a coal container after renovating the house !