Karin Keller-Sutter, Switzerland’s president known for her tenacity and technocratic approach, has faced a disastrous week in office. Her style is reminiscent of former British Prime Minister Margaret Thatcher, but it seems to have backfired during her confrontation with US President Donald Trump.
The crisis began when KKS led the charge to merge Credit Suisse with UBS Group AG to shield Switzerland’s banking sector from potential fallout. However, this move was seen as an overreach by some Swiss politicians and economists, who claimed it would undermine financial stability. Despite the backlash, KKS remained resolute in her stance.
The situation has taken a turn for the worse, making last year’s Credit Suisse crisis look relatively minor. The swift and decisive action taken by KKS appears to have been misjudged by many Swiss officials, leaving them scrambling to address the consequences.
Source: https://www.bloomberg.com/news/articles/2025-08-07/trump-tariffs-swiss-leader-karin-keller-sutter-reaches-limits-in-trade-clash