Switzerland was “humiliated” by Trump

With 39 %. In addition, Switzerland was imposed one of the highest rates in the West of customs duties.Image: KEYSTONE

Switzerland is one of the countries in the world who are most hard affected by Trump’s new taxes. For example, International economic experts evoke “a new commercial era”.

Since Thursday, at 6:01 am, punitive switzerland “humiliated” trump customs duties in Switzerland have entered into force. Furthermore, As reported Bloombergwith 39% surcharge, Switzerland is the nation that has been the most penalized among industrialized countries. In addition, A decision that surprised because Bern seemed to carry out negotiations deemed promising. Furthermore,

But Donald Trump said he was annoyed with the $ 40 billion trade surplus between Switzerland and the United States.

“A humiliation in front of the whole world” – Switzerland "humiliated" trump

“A country was wrong in its calculations”, titre The mirror. Therefore, switzerland “humiliated” trump Moreover. Last May, during Eurovision, Switzerland was still joking about its exports with the song Made in Switzerland. However, Today, smiles have frozen. In addition, The journalist of Spiegelhimself from Switzerland, speaks outright of “a humiliation in front of the whole world”.

Image: Spiegel.de

In the article, Switzerland’s excess of confidence returns several times. However, A country of nine million inhabitants. which thrives outside the European Union. staying away, believed it hard as iron that he would obtain better conditions switzerland “humiliated” trump new than Brussels against the American president.

The criticism is lively, and one does not hesitate to use clichés. Often called KKS in Switzerland, the Minister of Finance Karin Keller-Sutter is “almost switzerland “humiliated” trump unknown abroad”. She flew to Washington from Berne-Belp airport, provincial and “surrounded by fields”. As for Guy Parmelin, Minister of the Economy, he would not have left a better impression.

A daily bourbon will not change anything – Switzerland "humiliated" trump new

The Wall Street Journal Talk about “a slap in the face”. Economic leaders switzerland “humiliated” trump new and political leaders are trying to understand why the “historically stable relationship with Washington suddenly broke”. Director of the Swiss-American Chamber of Commerce, Rahul Sahgal underlines how absurd these customs rights seem.

An emblematic example of Trump’s unpredictability

For the magazine ForbesSwitzerland perfectly embodies the insecurity generated by Trump’s trade policy. The strong trade deficit between the two countries would explain why Switzerland ended up in the American crosshairs. But a factor is still aggravating the situation, according to the magazine.

In times of uncertainty, the value of gold switzerland “humiliated” trump new climbs. Just last year, its price increased by 40%, partly due to decisions taken by Donald Trump. As a result. an even greater trade deficit between Switzerland. the United States, which would have strengthened the president’s desire to impose sanctions.

“A new assetic era”

The Economist, He also sees in gold the real cause of surcharges. He describes as absurd the fact that the precious metal is precisely excluded from the sanctions. In a video. the economic journalist Rachana Shanbhogue explains:

Trump, she said, would strangely assimilate a trade deficit in a money flight. However, Switzerland, which already imposes very few customs rights on American products, has a low room for maneuver to negotiate. “Welcome to a switzerland “humiliated” trump new new commercial era”, writes The Economist.

Same tone in the Financial Timeswho also talks about a real turning point. and the end of an old commercial order.

Switzerland has not yet abandoned all hope. Thursday, the Federal Council met in crisis session. Karin Keller-Sutter had already announced the previous week that negotiations with the United States would continue. even after the entry into force of customs duties of 39%.

Translate German by Joel Espi

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