Switzerland expresses “great regrets” in the face of Trump customs duties

Keystone

In the United States. Similarly, Switzerland will be even more taxed than it feared. Furthermore, The Federal Council is very disappointed with this blow.

The Federal Council has taken note of “regret” switzerland expresses “great regrets” face new of additional customs duties imposed by the United States. Therefore, Switzerland continues to aim for a solution negotiated with the United States. Moreover, said the spokesperson for the Federal switzerland expresses “great regrets” face Finance Department (DFF).

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The additional customs duties of 39% imposed by the American president deviate “clearly” from the draft declaration of joint intention. In addition. wrote the head of communication of the DFF on Friday morning, Pascal Hollenstein, requested by the Keystone-ATS news agency. Meanwhile. This document was the result of intense discussions between Switzerland and the United States in recent months, the spokesperson noted.

The Federal Council takes note with great regret of the fact that the United. States-despite the progress made in bilateral discussions. Meanwhile. “the very constructive attitude switzerland expresses “great regrets” face new of Switzerland from the start”-want to apply the additional unilateral customs duties “of a considerable amount to imports from Switzerland”.

The Federal Council will switzerland expresses “great regrets” face act – Switzerland expresses "great regrets" face new

According to Pascal Hollenstein. Consequently, the Federal Council will analyze the new situation and decide the procedure to follow. Moreover, Bern will stay in touch with the American administration. She will seek to find a solution with Washington which is “compatible with both the Swiss legal order. with existing obligations,” said DFF spokesperson.

Donald Trump announced his decision on the night of Thursday to Friday. publishing a list detailing the amounts for the different countries that were not yet clear. A few hours earlier. the president of the Confederation Karin Keller-Sutter had made it known on “X” that she had switzerland expresses “great regrets” face new not found an. agreement with Donald Trump during the “last interview” before the expiration of the negotiation period initially set for August 1 at 6:00 am (Swiss time). She had noted that the White House chief notably pointed out switzerland expresses “great regrets” face the American trade. deficit towards Switzerland.

We anticipate partial unemployment

The increase in customs duties will weigh on exporting companies and their suppliers. To preserve jobs, Berne will use compensation provided for by the partial unemployment system, explained Pascal Hollenstein. The industry in particular will feel the additional customs load. The DFF spokesperson notably cited the watch industry, producers of precision machines and instruments as well as the food industry.

Already Thursday. Karin Keller-Sutter had declared on SRF radio:

The Minister of Finance had added that it was always possible to continue the negotiations. that in general, “the last word is never all said”.

The export economy is already struck by American customs policy. In May, exports to North America dropped by 39.6%, or 2.3 billion francs. This is the lowest value since the end of 2020, the federal customs and border security security had explained in mid-June.

Switzerland touched hard

The rate of 39% imposed on Switzerland exceeds that of 31% announced in April by Donald Trump. Switzerland is inflicted on the 5th highest customs right in the world after Brazil (50%), Syria (41%), Laos and Myanmar (40%). switzerland expresses “great regrets” face new The Confederation is the most heavily imposed European country. The reason for this severity is not yet clear. Additionally, The European Union, the main trading partner in Switzerland, was able to negotiate a customs right of 15%.

Customs duties switzerland expresses “great regrets” face should come into force on August 7 -. not this Friday as initially announced. This period must give the time for customs administration to set up the new rules, said an American official. (ATS)

A jet of the American military navy crashed Wednesday in California on Wednesday. The pilot managed to eject in time. He is unscathed.

While the controversy is going well in Switzerland around the additional costs of switzerland expresses “great regrets” face the F-35. aircraft ordered in the United States. this is an incident that will not make good publicity in the aircraft in our countries.