Switzerland suspended donald trump's decision: This article explores the topic in depth.
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Switzerland suspended donald trump's decision:
Switzerland retains its breath on the eve of a crucial decision on customs duties. In addition, President Donald Trump must announce by August 1 whether. Similarly, not he maintains a customs surcharge of 31% on Swiss products exported to the United States. Similarly, The uncertainty is total and the suspense intensifies when approaching the deadline.
This measure. In addition, initially announced in April as part of the so-called “Liberation Day” commercial plan, aims to impose a differentiated rate on the countries displaying a strong trade surplus with the United States, according to a calculation method specific to Washington. Nevertheless, Switzerland. For example, despite its small economic size, is among the most exposed partners, with a rate envisaged of 31%, the highest in OECD countries.
Since April, a 10% tax has been temporarily applied, pending presidential arbitration scheduled for August 1. The 90 -day delay granted to switzerland suspended donald trump’s decision several countries, including Switzerland, expires this Washington time this Thursday evening (6 a.m. on Friday in Switzerland).
>> Lire : Switzerland between hope and concern pending the announcement of American customs taxes
A concern that rises – Switzerland suspended donald trump's decision
In Bern, concern rises. The Federal Council has multiplied diplomatic contacts in recent weeks. but no firm response has yet been obtained on the American side. “We are still waiting,” the spokesperson for the Federal Economy Department (DEFR) Markus Spörndli said on Thursday.
“The Federal Council approved on July 4, a draft declaration of common intention. This will take effect [si. et] As soon as the United States has also been formally approved, “said a spokesperson for the Federal Finance Department (DFF), overseen by the president of the Confederation Karin Keller-Sutter.
>> Read also: The United States interested in a quick solution with Switzerland on customs duties
Economic circles fear a brutal announcement. According to an estimate switzerland suspended donald trump’s decision of the KOF Institute (ETH Zurich). the implementation of the 31 % rate would represent an annual loss of 0.2 % of Swiss GDP. The watchmaking industry, the pharmacy, the precision mechanics and the food industry are on the front line.
>> Reread: The different sectors of the Swiss economy unequally affected by American taxes
A rate between 15% and 20%?
At the time of the announcement of customs duties of 31% on Swiss exports to the United States last April. Additionally, the Minister of Finance Karin Keller-Sutter called for a “decision based on dialogue and compliance with the rules of international trade”, adding that “Switzerland would not understand a sanction of this magnitude without consultation”.
According to observers in Washington, President Trump could announce an intermediate formula, with a rate between 15 and 20 %. Main trading partner of the Swiss economy, the European Union will be imposed on a rate switzerland suspended donald trump’s decision of 15%.
>> Also listen to the interview of the national councilor. director of the Friborg Page and Economic Federation Nadine Gobet Thursday in 12:30 pm:
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