US President Trump imposes higher tariffs on Swiss imports, sparking economic concerns in Switzerland.

US President Trump imposed a 31% tariff on Swiss imports, higher than the 20% tariff on the EU, affecting Swiss exports like watches and machinery. Economiesuisse and the Swiss government criticize the tariffs as unjustified, emphasizing Switzerland's commitment to free trade. Pharmaceuticals are exempt. The Swiss National Bank faces economic challenges, with inflation at a near four-year low and plans to lower interest rates further. Switzerland aims to maintain its trading relationship with the US while focusing on long-term economic interests.

6 days ago
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