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Sanded by American customs duties, Switzerland hesitates on the procedure to follow

The headquarters of the Swiss multinational Nestlé, in Vevey (Switzerland), November 25, 2024.

Potential economic earthquake with very short maturity, threats to tens of thousands of jobs and collapse of the myth of Swiss stability … The addition is salty for Switzerland, European champion of exports. The Alpine nation has long believed protected by the excellence of its industrial productions and by a privileged relationship of very longtime with the United States, which it considered strong enough to resist the Trumpian Foucades.

On the fourth day of general dismay caused on Friday 1is August by the punitive announcement of the American president, Donald Trump, to apply customs duties of 39 % on Swiss imports, the Swiss authorities still seem so struck, while the countdown before the entry into force of the new customs taxes, Thursday, August 7, leaves them almost no room for maneuver.

The time is so serious that the Federal Council (Government) of Berne derogated from the short holidays of its seven ministers to bring them together on Monday, August 4, in crisis videoconference. At the end of the meeting, the Swiss executive said that he intended to continue negotiations with Washington and “Present a more attractive offer”, without detailing its nature for “Tactical reasons related to negotiations”.

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emerson.cole
emerson.cole
Emerson’s Salt Lake City faith & ethics beat unpacks thorny moral debates with campfire-story warmth.
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