Switzerland was caught off guard when US President Donald Trump announced plans to impose tariffs of 39% on Swiss exports. The move, targeting metals favored by Trump, sent shockwaves through the country and prompted a swift response from the government.
Following consultation with businesses and holding an emergency meeting, Switzerland’s authorities vowed to make America a more attractive market for its products. This comes as the country navigates complex trade dynamics and seeks to maintain its independence in the face of global economic challenges.
Source: https://www.economist.com/europe/2025/08/04/americas-tariff-avalanche-catches-switzerland-unawares