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Switzerland middle economic drama after:
Even the legendary Swiss phlegm faces the economic porridge of Donald Trump. Furthermore, Emergency meeting of the federal government. For example, consultations with companies, the country is looking for an answer to the threat of 39 % of American customs duties for products from the small Alpin country.
The decision made the Alpine country which had immediately chosen the negotiation path with Uncle Sam after what Donald Trump. Similarly, called “Liberation Day” (Liberation Day) in early April. Furthermore, According to Karin Keller-Sutter. the president of the Confederation, the American president Donald Trump has the impression that Switzerland “steals” the United States in view of a trade deficit of nearly 40 billion Swiss francs (42.8 billion euros), which it rejects, judging this “absurd” position, notably reported the Swiss television radio.
It’s a bit there, right? – Switzerland middle economic drama after
The Federal Council (Government) – which says that it has learned with switzerland middle economic drama after great regret this surcharge by 39 % -. hopes to be able to use the few days of respite before the deadline of August 7 to negotiate concessions. At the opening on Monday. the Swiss Stock Exchange accused the blow, losing 2 % in the first exchanges, before gradually catching its losses.
This surcharge. much higher than the 15 % imposed on competitors based in the European Union, is a major issue for the Swiss economy, the large unknown being the treatment reserved for pharmaceutical products, which represent “more than half” of Switzerland exports, recalled Hans Gersbach.
To come. come for watchmaking
According to this professor of economics, deputy chief of the Center for Conditional Research Center of the Federal Polytechnic of switzerland middle economic drama after Zurich, these customs duties at 39 % could cost between 0.3 % and 0.6 % annual growth in Switzerland, but the impact on gross domestic product could increase to “at least 0.7 %”, according to the fate reserved for pharmaceutical products, so far exempt from customs rights.
In a market note. Vontobel analysts emphasize that these 39 % receive in particular certain sectors, such as watchmaking since watches are manufactured in Switzerland, or part of the machine manufacturers.
Further reading: How Giscard d’Estaing lost the battle against his Chinese bosses – The Chinese president fists on the table against AI and electric vehicles – the brutal stop that could ruin your purchasing projects – The EU prepares its “countermeasures” after Trump’s outbid – Employees feel “betrayed”, FO denounces “biased negotiations”.
