(Reuters) -The White House update to its tariff schedule is a “welcome development” after challenges caused by a recent U.S. Customs ruling on gold bars, the London Bullion Market Association said on Wednesday.

The executive order, issued on September 5 by President Donald Trump, updates the tariff schedule for certain goods, including key gold products. The White House referred to them as reciprocal tariffs.

Under the update, gold bars imported from “aligned partner” countries under certain codes of the Harmonized Tariff Schedule of the United States – including 7108.11.00, 7108.12.50, 7108.13.10, 7108.13.55, 7108.13.70, and 7108.20.00 – will face a 0% tariff on entries made after September 8, 2025.

The LBMA said the move was a “significant and positive step for the industry” following

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