Published: Apr 09, 2025, 06:25 IST | Updated: Apr 09, 2025, 06:25 IST
Swiss businesses are facing a major challenge as the United States imposes steep tariffs on Swiss goods. Last week, Trump announced a 31% tariff on Swiss exports—far higher than the 20% tariffs placed on European Union goods. This has caused shock waves across Switzerland, especially in key industries like watches, coffee capsules, cheese, and chocolate.