Latest Tariffs news and updates from Switzerland. AI-curated articles covering Tariffs topics.
The United States is threatening to impose new 12.5% tariffs on Switzerland, alleging the country is not doing enough to prevent the import of goods produced with forced labour. The move is part of a broader action by the US administration targeting around 60 trading partners.
The Swiss steel industry is set to be hit by stricter European Union import rules, which will significantly reduce duty-free volumes and double punitive tariffs, excluding Switzerland from exemptions granted to EEA nations.
The US administration has confirmed a new 15% tariff on Swiss pharmaceutical exports, part of a broader strategy to bolster domestic production. This move directly impacts a cornerstone of the Swiss economy and follows earlier reports anticipating duties of up to 100%.
The Trump administration has initiated a new trade probe into Switzerland and other partners, citing structural overcapacity in manufacturing. The investigation, based on a 1974 trade law, signals a potential new wave of tariffs and heightened economic friction.
A Swiss parliamentary delegation is in Washington for trade talks as the Swiss government clarifies that new US tariffs announced by President Trump are a replacement for, not an addition to, previous measures. The talks aim to explore a possible bilateral trade agreement.
Following a US court ruling against certain tariffs, Swiss companies are moving to reclaim millions in overpaid duties. However, with the US administration exploring new legal avenues, Swiss economic officials warn of continued uncertainty and the likelihood of living with tariffs.
Switzerland's economy returned to growth in the fourth quarter of last year, buoyed by its services sector. This recovery follows a previous contraction attributed to US tariffs, and comes as Donald Trump again singled out Switzerland's trade surplus to justify his protectionist trade policies.
From trusted Swiss news outlets