- The US government announced tariffs affecting all trading partners, including Switzerland.
- The Federal Council is analyzing the impact and is in contact with affected industries and US authorities.
- Swiss goods exports to the USA will face tariffs of 31 or 32 percent.
- Switzerland’s tariffs are higher compared to other partners like the EU, UK, and Japan.
- Additional tariffs of 10 percent start on 5 April, with a further 21 percent from 9 April.
- Key exports affected include machinery, watches, and agricultural goods.
- No additional tariffs are planned for the pharmaceutical industry yet.
- Economic risks include potential weaker growth for Switzerland in 2025 and 2026.
- SECO is tasked with analyzing the tariff effects and proposing measures.
- Affected companies should contact US authorities and trade associations for information.
- Switzerland values open markets and has a balanced trade relationship with the USA.
- Switzerland abolished industrial tariffs, allowing most US goods to enter duty-free.
Source: admin.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
