US Edition
Swiss Shock - Can Switzerland Reverse The 39% Tariff?
SWITZERLAND, AUG 7 – Swiss business groups warn tens of thousands of jobs are at risk from the 39% US tariff targeting key exports like cheese and watches, officials said.
- On August 6, 2025, Karin Keller-Sutter, Switzerland’s president, ended her visit to Washington without securing an agreement to repeal the 39% tariff imposed on Swiss goods exported to the United States.
- The 39% tariff, announced last week and set to take effect August 7, follows an earlier 31% rate from April amid US efforts to reorder global trade.
- Switzerland’s exports of watches, chocolate, and specialized industrial goods face major challenges, with Swiss cheese producers expecting steep sales drops in the US.
- Anthony Margot, whose family has been involved in cheese maturation for five generations, referred to the tariffs as substantial, while the Swiss Market Index fell by 1% on August 6 amid concerns over these duties.
- The Swiss government intends to keep negotiations with Washington ongoing and is not considering retaliatory actions, while Swiss business groups caution that implementing the 39 percent tariffs could jeopardize employment for many workers.
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28 Articles
28 Articles
The U.S. president has been unpunished for the Swiss Confederation, which is subject to tariffs of 39%. No retaliatory measures are envisaged at this time.
·Paris, France
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Trump's brutal power policy reveals to many Swiss that it is now necessary to seek close proximity to Europe. The new treaties with the EU promise valuable legal certainty.
·Frankfurt, Germany
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As of today, US tariffs of 39 percent apply in Switzerland. Karin Keller-Sutter had travelled to the USA – unsuccessfully. Federal President and Minister for Economic Affairs Guy Parmelin commented on the developments.
·Germany
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Coverage Details
Total News Sources28
Leaning Left4Leaning Right5Center2Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 36%
C 18%
R 45%
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