Reported about 3 hours ago
Swiss exports to the United States dropped significantly following the introduction of a 39% tariff, with a notable 22% decline in August compared to July. This included a staggering 99% drop in gold exports and an 8.6% decrease in watch sales. While overall Swiss exports were minimally impacted due to increased trade with other countries, the Swiss government is navigating complex negotiations to potentially reduce the tariff amid ongoing economic challenges.
Source: YAHOO