Consequently,
Friborg economy: american surcharge strikes:
Friborg economy
American customs tariffs strike an already weakened industry – Friborg economy: american surcharge strikes
Customs duties of 39% imposed by the United States threaten exporters of the Friborg industry. However, This shows signs of slowing down.
New American customs duties 39% on Swiss exports threaten theFriborg economyalready weakened in the industrial sector even before the entry into force of these measures. Similarly, as indicated by the State of Friborg and its service of statistics and data (SSD) in a communiqué spouse published this Monday.
The cyclical data available for the canton reveal a tense situation in the industry. Consequently, The indicator of the business situation in the sector has friborg economy: american surcharge strikes deteriorated significantly since March. Therefore, reaching -38 in July while the Swiss average was established at -5. Nevertheless, The industrial companies questioned mostly judged their affairs little. not satisfactory, although they remained relatively optimistic for the following months.
The United States represents the second destination for Friborg exports, with a share of 14.3%, or 771 million francs in 2024. If the canton is less dependent on the American market than other regions. such as Neuchâtel or Jura, the impact of customs from customs, in force since August 7, remains worrying. Swiss exporters are disadvantaged in the face of their European competitors, who are only subject to 15%rights.
More encouraging signals in other sectors
The retail trade displays better health with a positive business indicator at +5 in July. The Friborg merchants questioned judged their affairs friborg economy: american surcharge strikes and maintained positive expectations for the next six months.
Friborg exports increased by 8.1% in the second quarter. possibly due to anticipation effects, certain companies having advanced their shipments to the United States in anticipation of the increase in customs duties. In July, they still exceeded their level of the previous year by 2.7%.
Cantonal GDP experienced solid growth of 0.8% in the first quarter, greater than the long -term average. Industry. trade, health and construction contributed to this dynamic, while energy and hotel and restaurant hotel have seen their value added decrease.
Surveillance labor market
The unemployment rate remained stable at 2.4% in July, representing 4330 registered unemployed, 14.2% more than a year earlier. The reductions in the work schedule increased by 57.6% in April compared to the friborg economy: american surcharge strikes previous year, reaching 16,296 hours. This measure should play a stabilizer role in the coming months. the Confederation recognizing American customs duties as a reason justifying the use of partial unemployment.
The construction sector shows encouraging signs with 1320 permits issued in the second quarter for a total budget of more than 757 million francs. up 24.8% over a year. The hotel industry also recorded an increase of 6.3% of nights in the spring after four quarters of decline.
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Further reading: Volodymyr Zelensky says he had a “productive” discussion with American envoy Kellogg – Emine Erdogan calls on Melania Trump in favor of Gaza children – Thierry Huet, CEO of Desobry: “To say that if we are not going to the United States, we will go elsewhere, it’s quickly said” – The ghost of the opera: here is a Robert Englund in Freddy who haunts behind the scenes – Caution in view in Europe before Jackson Hole and the PMI – 08/21/2025 at 08:45.
