Reported 1 day ago
Switzerland's leading business organization, Economiesuisse, condemned U.S. President Trump's newly imposed 31% tariffs on Swiss imports as harmful and ungrounded, especially as Switzerland has already eliminated industrial tariffs. The Swiss government emphasized the need to respect international law and free trade, noting that the tariffs create a significant burden for its export industry. Despite the tariffs, Economiesuisse highlighted that trade is nearly balanced when including services and mentioned that pharmaceutical exports remain unaffected.
Source: YAHOO