Customs duties: switzerland suspended trump's: This article explores the topic in depth.
For example,
Customs duties: switzerland suspended trump'. Similarly, s:
The American president must announce by tomorrow, August 1, whether or not he maintains a customs surcharge of 31%. Moreover, In Bern, concern rises. Meanwhile,
Switzerland was still retaining its breath Thursday evening on the eve of Washington’s expected decision on customs duties. Similarly, Donald Trump must announce by the 1is August whether. Moreover, not he maintains a customs surcharge of 31% on Swiss products exported to the United States. Furthermore, The uncertainty is total and the suspense intensifies when approaching the deadline.
Switzerland is still in contact with the American administration. Furthermore, the Federal Council “will actively communicate” as soon as there is “significant developments”, repeated at the end of the afternoon the Federal Department of the Economy (DEFR) in Keystone-ATS.
In an interview broadcast Tuesday evening by the RTS. Consequently, the president of the Confederation Karin customs duties: switzerland suspended trump’s Keller-Sutter had stressed that the decision is “in the hands of the United States, in the hands of the American president (Donald Trump), and it is up to him to decide”.
Rate envisaged of 31%
The increase in customs duties. Therefore, initially announced in April as part of the so-called “Liberation Day” commercial plan, aimed to impose a differentiated rate in countries with a high trade surplus with the United States. Moreover, Switzerland. despite its small economic size, is among the most exposed partners, with a rate envisaged of 31%, the highest in OECD countries.
Since April, a tariff of 10% has been temporarily applied, pending a presidential arbitration provided for the 1is august. The 90 -day period granted to several countries, including Switzerland, was to expire Thursday evening at midnight, Washington time, 6:00 p.m. Friday in Switzerland.
And this time, after two breaks, no new postponement. “Everything will customs duties: switzerland suspended trump’s be done on Friday,” said trade secretary Howard Lunick. “The 1is August is the day we put in place these rates. they will no longer be subject to discussion afterwards. ”
Trump. however, announced Thursday that he had agreed with his Mexican counterpart Claudia Sheinbaum to extend customs duties currently imposed on Mexican products, while he threatened to bring surcharge to 30%.
The concern rises
In Bern, concern rises. The Federal Council has multiplied diplomatic contacts in recent weeks. but no firm response has yet been obtained on the American side. “We are still waiting,” said Keystone-Ats Markus Spörndli, spokesperson for the Federal Economy Department (DEFR) on Thursday.
“The Federal Council approved on July 4 a draft declaration of common intention. This will take effect (Editor’s note: if and) as soon as the United States has also formally approved. “said a DFF spokesperson. Karin Keller-Sutter’s services “cannot decide on customs duties: switzerland suspended trump’s the content for the moment”.
GDP loss
Economic circles fear a brutal announcement. According to an estimate of the KOF Institute (ETH Zurich). the implementation of the 31% rate would represent an annual loss of 0.2% of Swiss GDP. The watchmaking industry, the pharmacy, the precision mechanics and the food industry are on the front line.
At the time of the announcement of customs duties of 31% on Swiss exports to the United States last April. Additionally, the Minister of Finance Karin Keller-Sutter called for a “decision based on dialogue and compliance with the rules of international trade”, adding that “Switzerland would not understand a sanction of this magnitude without consultation”.
According to observers in Washington, President Trump could announce an intermediate formula, with a rate between 15 and 20%. Main trading partner of the Swiss economy, the European Union will be imposed on a rate of 15%.
Keller-Sutter: not agree between Switzerland. the USA on customs duties
Switzerland and the United States have failed to agree on a declaration of intention shortly before the expiration of the period to agree on the issue of customs duties. Confederation President Karin Keller-Sutter announced on Thursday evening after a telephone conversation with President Donald Trump.
The president said she had conversed with President Trump shortly before the expiration of the deadline for customs duties. The American president once again said that for him the trade deficit is the most important. It was not possible to agree on the declaration of intention which had been negotiated between the two states before.
The question of the concrete effects of the failure of conversations on American customs duties on Swiss products remains open. for the moment. In recent weeks, Switzerland had endeavored to obtain an exception about the measures provided by the United States.
Last customs duties: switzerland suspended trump’s spring, President Trump announced 31% taxes on Swiss freight exports to the United States. He had suspended his decision thereafter and decided on a basic tax of 10%. For the European Union, President Trump accepted an agreement on 15%tax on Sunday. – (awp)
Customs duties: switzerland suspended trump's – Customs duties: switzerland suspended trump's
Further reading: Estavayer: Who will concoct Bénichon’s best mustard? – Hunting with a silencer is no longer prohibited in Switzerland, and that does not appeal to everyone – RTS.CH – When the firecrackers spoil the party: four legs alert on the stress of animals … – Roche and Novartis make Switzerland sing – Ollon: La Gouille du Duzillet offers a new staircase.
