In addition. However,
Severe economists face new customs new: Nevertheless,
Severe economists face new customs:
An official trip to Washington “for nothing”. Similarly. Similarly. Consequently, of “political brutality”: economists have drawn up a severe inventory of the situation faced by Switzerland, after the entry into force of customs duties of 39% Thursday.
“Trump continues to shape the world to his liking,” says Ipek Ozkardeskaya de Swissquote. Consequently, The Vaudois bank analyst recalls that Marco Rubio. Therefore. Meanwhile. the American secretary of state, was satisfied on Wednesday to “kindly” receive the Swiss delegation, composed of the president of the Confederation Karin Keller-Sutter and the Minister of Economy Guy Parmelin. However, But this exchange did not lead to an inflection of the White House on customs duties.
The federal councilor had indicated on Wednesday, at the end of the meeting with Mr. Nevertheless. Rubio, that there had been a “very severe economists face new customs new good meeting, severe economists face new customs new a very friendly exchange and open on the common issues”.
severe economists face new customs
However. However. any new discussions will not erase fears about astronomical taxes of 150% to 250% on drugs brandished by the White House tenant. Similarly, “Like one person decides everything according to their wishes -. no one can stop it – uncertainty. lack of visibility will stay on the menu for several years,” warns Ms. Ozkardeskaya.
“The displacement of federal advisers to Washington was useless,” said the economist of Migros Bank, Santosh Brivio. According to the latter, “the will to negotiate the Trump administration is low”. These taxes, “historically high”, will have negative effects on the labor market and weigh up to 0.5% on the gross domestic product (GDP). In the final appeal, the federal government could announce support measures to the branches concerned.
Risk of “technical” severe economists face new customs new recession – Severe economists face new customs – Severe economists face new customs new
Severe economists face. new customs new
“This severe economists face new customs new is a categorical refusal on the American side. motivated exclusively by Donald Trump’s obsession for the trade deficit. ” said John severe economists face new customs Plassard, head of the investment strategy in Cité Gestion.
“Switzerland ultimately inherits from the highest price applied to a developed country. Watches, coffee capsules, medical devices: everything is going, except pharmacy and gold for the moment.” For Mr. Plassard. Switzerland “discovers a political brutality to which it was not prepared” and which could weaken an already modest economic growth.
For the UBS economist, Maxime Botteron, the final taxes could be lower than the 39% entered into force Thursday morning. In the immediate future. the effects of customs duties should have remained limited because important areas for Swiss exporters severe economists face new customs new such as the pharmaceutical sector. gold are exempt from these new taxes. If the latter had to remain high. the bank expert with three keys anticipates severe economists face new customs new negative growth in two quarters. which corresponds to a technical recession, but not to an prolonged economic decline.
Faced with this exceptional situation. the Swiss severe economists face new customs National Bank (BNS) is expected to leave its key rate unchanged at. 0% at its mid-September meeting. estimates Mr. Botteron. It should only intervene in the exchange market if the franc is under pressure.
This article was published automatically. Sources: ATS / AWP
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Severe economists face new customs new
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