The London Bullion Market Association (LBMA) said on Sept. 10, 2025 it welcomed a U.S. tariff schedule update that clarified treatment of gold bullion bars after a Customs ruling in August had caused market disruption. Reuters reported that an executive order issued Sept. 5 and implemented in tariff coding changes from Sept. 8, 2025 removed certain country-specific tariff ambiguity by exempting gold bars imported from “aligned partner” countries under particular Harmonized Tariff Schedule codes. The LBMA said the clarification alleviated delays as some traders had postponed shipments amid uncertainty about whether gold bullion bars would face country-specific duties; the earlier Customs interpretation had prompted market participants to halt some flows. The update follows public comments from White House officials and industry groups; the LBMA noted further discussions remain under way regarding silver tariffs. The Reuters piece noted the regulatory clarification arrived after market participants had expressed concern about liquidity and settlement risks tied to the earlier CBP interpretation and that the industry will monitor how the revised tariff language is applied by customs authorities. The LBMA’s response highlighted short-term relief for the bullion market but signalled ongoing attention to implementation details.