>>60763906
This actually works against China’s push to make the Far East the primary gold trading hub because it weaponizes a chokepoint they don’t control. By targeting Swiss kilo and 100 ounce bars. If China wants to pull more trading and settlement volume toward Shanghai or Hong Kong, it needs friction in Western markets to push traders East. But this tariff forces a bottleneck in a Western controlled delivery channel, keeping COMEX relevant and potentially making Eastern bars less interchangeable in the near term.