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Switzerland will pursue further talks with US over crippling tariffs
Swiss government negotiates with the US to lower tariffs that threaten key industries and risk up to 15,000 job losses, while exports to the US represent nearly 19% of Swiss goods.
- On July 31, 2025, President Donald Trump announced a sweeping 39% tariff on Swiss imports, among the highest globally.
- President Donald Trump last month confirmed he would move ahead with his reciprocal tariff policy, citing a $40-billion trade deficit with Switzerland.
- Amid new tariffs, Swiss exports to the United States face nearly 60% exposure, with the Swiss watch industry warning revenues could slash by up to 15%.
- On Friday, August 8, 2025, U.S. gold futures on the COMEX spiked, with gold eclipsing $3,530, a 52-week high, a day after Switzerland's tariffs.
- Swiss government said, 'Discussions with the United States are ongoing,' SECO said on Friday, focusing on reducing the 39% tariffs.
57 Articles
57 Articles
39 percent fines shock Switzerland: during the negotiations with US President Trump, the small country has obviously cheated.
Switzerland warns its companies that no, they can't dodge Trump's tariffs by routing goods through the tiny neighboring country of Liechtenstein
Switzerland and Liechtenstein have long shared an economic market, but President Donald Trump has imposed a steep tariff on Swiss goods compared to its Liechtensteiner neighbors. The Swiss government has clarified that Swiss businesses will be unable to reroute their products through the neighboring principality. The Trump administration recently implemented a 40% tariff on transshipments, or the movement of goods to an intermediate destination …
The Swiss have been anxious about their economy since the US imposed high tariffs on them. The SPD's spokesman for European politics is now making Bern advances, albeit with little prospect of success.
ANALYSIS: Why Switzerland may not be able to renegotiate US tariffs
When US president Donald Trump announced the new customs duties on imports on August 1st, Switzerland got hit with Europe’s highest tariffs — 39 percent. The government said it would try to renegotiate, but here's why it may struggle to do so.
Donald Trump's 39 percent tariff rate shocks Switzerland. The gold processing industry is expecting severe losses. The exporters of watches, pharmaceuticals and chocolate fear for their competitiveness in the US.
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