US EditionSwiss economy set to slow due to US tariffs
- On August 1, a new 39-percent U.S. tariff on Swiss goods has been announced, significantly impacting the Swiss economy.
- SECO forecasts economic growth of 1.2 percent this year and 0.8 percent next year, down from its earlier expectations.
- The new tariffs negatively impact sectors like watchmaking, chocolate, and machinery, as Swiss businesses face competitive disadvantages.
- Although a severe recession is not expected, SECO warns that the economic impact could be significant for certain sectors and companies.
52 Articles
52 Articles
The Local - Ch
The LocalSwiss economy set to slow and it's all thanks to Trump
The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.
Daily Journal
Swiss economy set to slow due to US tariffs
The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.
Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods - CEO North America
Jamie and her husband are traveling to Switzerland in December for a ski vacation. But hitting the slopes isn’t the only motivator: The couple say they are also trying to sidestep steep U.S. tariffs on Swiss goods. They intend to buy a luxury watch — a Patek Philippe Nautilus — from the watchmaker in Geneva, Jamie said, as a present for her husband’s birthday. Their budget for the watch: $50,000 to $75,000. If successful, buying abroad may save …
The Swiss economy has weakened noticeably. Industrial companies in particular suffer from US customs policy. For the time being, the federal economists do not expect a recession.
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