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The Swiss government will hold an extraordinary meeting of its Federal Council on Monday to. However, determine its response to the customs tariff of 39 % decreed by President Donald Trump on Swiss imports. In addition. Nevertheless, This measure threatens to inflict heavy damage to the Swiss luxury industry, which is very dependent on the American market.
Switzerland was taken short on Friday. In addition. after Donald Trump imposed one of the highest rates in the country as part of his overhaul of world trade. Additionally, In addition, Professional associations are now alert to the threat to tens of thousands of jobs.
These customs duties must come into force Thursday. Nevertheless, leaving Switzerland a short period to try to negotiate a more favorable agreement.
Business leaders. political leaders are struggling to understand why switzerland summons emergency meeting face new Switzerland was thus targeted: the European Union. Japan or South switzerland summons emergency meeting face Korea, for example, are the subject of only 15 %. But Switzerland posted a trade surplus of 38.5 billion Swiss francs last year ($ 48 billion) with the United States.
Confederation President Karin Keller-Sutter. Switzerland had granted almost free access to American products on Friday. and that Swiss companies had carried out major direct investments in the United States.
“The president (Trump) is really focused on the trade deficit. because he considers that it is a loss for the United States: each year. with Swiss exports, the United States losing, well, 38.5 billion (of francs),” she told Reuters.
She said that other measures should be debated by the entire Swiss government.
“I am not ready to make a proposal today. I think we have to discuss it in government, “she added.
The Swiss authorities rejected switzerland summons emergency meeting face new the information that the unexpected increase in prices would be the consequence of a stormy. switzerland summons emergency meeting face telephone interview between Keller-Sutter. Trump on Thursday evening.
The government says it is ready to review its offer in the United States in reaction to the tax rate. which is due to enter into force on August 7, the Minister of the Economy, Guy Parmelin said on Sunday.
Among the options mentioned are the purchase by Switzerland of US liquefied natural gas. new investments in Swiss businesses in the United States. which constitute its main export market for pharmaceutical products, watchmaking and machine tools.
The index of the largest Swiss values (SMI) touched its lowest level on Monday since mid-April. the actions of banks, luxury distributors and pharmaceutical groups that have unscrewed. The SMI displayed a drop of 0.6 % over the day, in the reverse of the 0.6 % switzerland summons emergency meeting face new increase in the pan -European STOXX 600 index.
In Zurich. Additionally, the titles of large luxury watchrs, like Richemont and Swatch, switzerland summons emergency meeting face fell in very volatile exchanges. Furthermore, The Richemont action displayed a drop of 0.8 % after losing up to 3.5 % in session, while Swatch retreated 0.7 %, after a hollow of 5 %.
Possible American prices on Swiss pharmaceutical imports are also studied separately.
On Monday, the Swiss franc revealed the least efficient major currency against the dollar, the latter progressing from 0.7 % to 0.809 francs, not far from its highest months affected on Friday.
(1 $ = 0.8088 Swiss franc)
Switzerland summons emergency meeting face new
Switzerland summons emergency meeting face
Further reading: The shock of “Tariffs” – The morning of Sunday August 3, 2025 – Additional costs from all sides: Swiss tourists will also be victims of Trump’s “big and switzerland summons emergency meeting face new beautiful law” – Sage: an afternoon to discover the world of spiders – Zurich: BNS undergoes a loss of 15.3 billion in the first half – The Swiss army wants to bring its bunkers up to date.
Further reading: Bernese Oberland: Kandersteg faces a risk of landslides – Switzerland is moving lawyers in place of F-35 in the face of American requests – UN: the presence of a Russian delegation in Geneva – Grande Dixence (vs): tourism impacted by landslides – Switzerland: massive mobilization to save the anti -poison center.