US Edition
Swiss government says it's ready to make Trump 'more attractive offer' on tariffs
SWITZERLAND, AUG 4 – The Swiss Federal Council aims to resolve a $38 billion trade surplus dispute after the US imposed 39% tariffs, the highest among industrial nations, on Swiss exports.
- On 04/08/2025, President and Finance Minister Karin Keller-Sutter convened an emergency meeting of the Federal Council to discuss ongoing negotiations with Donald Trump beyond the Thursday deadline.
- Switzerland ran a $38 billion trade surplus last year, and the government stressed it is not due to any ‘unfair trade practices’
- Bloomberg Economics estimates a tariff shock of around 23 percentage points, putting 1% of Switzerland’s GDP at risk, and Hans Gersbach warns growth could fall by up to 0.7.
- The Federal Council said “Switzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation,” after the Swiss stock market tumbled more than two percent on Monday.
- By comparison, the EU will face tariffs, and Vontobel sees hope for Switzerland to negotiate similar duties, though sectors remain vulnerable.
87 Articles
87 Articles
In the wake of the announcement of a 39% tax on its many high value-added products, Bern says it wants to continue to negotiate.
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You're kidding me: Donald Trump just made it expensive to know what time it is
Donald Trump has introduced a broad 39% export tariff on Switzerland, causing major concerns for the country’s economy, which relies heavily on exports. This new tax, one of the highest in a global trade shift led by the Trump administration, has created significant disruption. The Swiss stock market dropped sharply, and government officials held emergency meetings to address the crisis. Swiss negotiators had spent three months trying to secure …
Switzerland thought it had reached a trade agreement with the US, but was unpleasantly surprised by a 39 percent import tariff. This is causing concern in the country, which relies on exports of products such as chocolate, watches, and medicines.
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