"massive increase" unemployment feared, says: This article explores the topic in depth.
Furthermore,
"massive increase" unemployment feared, says:
Hans Gersbach is a professor of economics. Consequently, After the announcements of August 1, he feared the worst for Switzerland.Keystone
Taxed at 39% by the United States, the Swiss economy could greatly suffer from the new customs duties of Donald Trump. Moreover,
02.08.2025, 11:4002.08.2025. Moreover, 11:41
The professor of economics Hans Gersbach warns against the consequences of customs duties “massive increase” unemployment feared, says imposed by Donald Trump on jobs in Switzerland. If the 39% announced are applied. it provides for a “massive increase” of partial unemployment and job cuts in the coming months.
In this scenario, customs duties will considerably deteriorate the competitive position of Swiss producers. This will certainly have repercussions on employment in key industries. said Hans Gersbach in an interview with the German newspapers of Tamedia published on Saturday.
For the co -director of the EPFZ (KOF) Conditional Research Center (KOF). likely production relocations will lead to additional repercussions on the Swiss labor market.
The way in which the pharmaceutical industry will be treated will be decisive. especially since it represents more than half of the exports of goods to the United States. If it also were to be penalized. this would lead, according to “massive increase” unemployment feared, says calculations by Hans Gersbach, a “sharp decline” of the gross domestic product of at least 0.7%.
But at first, we must continue to do everything to reach an agreement with Donald Trump, added Hans Gersbach. “The absolute priority is now to find an agreement in order to avoid these extreme customs duties.” (ATS)
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