Switzerland not planning to counter Trump's tariffs... for now

Switzerland not planning to counter Trump's tariffs... for now

Switzerland, which was hit hard by US President Donald Trump's global tariff onslaught, is not planning to retaliate "at the present time", the government said Thursday.

31 percent on exports from Switzerland: On the day after Trump's customs announcement, business representatives are making concrete demands on politics. The uncertainty in the pharmaceutical industry is particularly great – is it now excluded or not?

Jean-Philippe Kohl, Vice Director of Swissmem, knows how Swiss industry reacts to the new tariffs.

2025 - Federal Council Upset Over Trump's Tariffs, Warns Against Further Escalation

New US tariffs pose a significant challenge for Switzerland, which previously enjoyed a favorable trading climate. The US plans to impose a 31% tariff on Swiss goods, surpassing the 20% rate for EU imports. This decision is based on an assumption of high trade deficits, disregarding Switzerland’s low import tariffs. The Swiss government is seeking to clarify misunderstandings and explore solutions, while considering potential concessions in nego…

Understanding the 31 Percent Tariff for Switzerland: Insights into Trump's Bold Calculations

Donald Trump’s recent address introduced a new tariff policy targeting countries perceived as treating the U.S. unfairly, with Switzerland facing a proposed 31% tariff. This calculation stems from a significant trade deficit, but critics argue the methodology lacks scientific support and fails to consider service sector surpluses. The tariffs could impact Swiss exports, especially pharmaceuticals […]

The Swiss government has ruled out imposing new tariffs on the United States in retaliation for the measures confirmed on Wednesday by US President Donald Trump, who announced a battery of indiscriminate measures involving, in the case of Swiss products, a 31 percent tax.