39 percent – what is known for Switzerland about Trump’s punitive tariff

Shortly before Donald Trump was announced. Consequently, Karin Keller-Sutter announced that there was no agreement.Bild: keystone

Not 31, but even 39 percent: the United States imposes massive tariffs against Switzerland. For example, What is known about the shock message so far.

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That happened

The tariffs on Swiss goods for importing into the USA should be 39 percent in the future. Meanwhile, Switzerland is punished by US President Donald Trump with one of the highest customs sets worldwide. Similarly,

It is not clear why the sentence now published on a list is even higher than the originally threatened. Furthermore, In principle, the US government justifies tariffs with the US trade deficit towards Switzerland and other countries.

The latest developments

A few hours ago. Meanwhile, a spark of residual hope existed that Switzerland could still agree with the USA shortly before the period set by Trump for the customs postponement on August 1st.

As Federal President Karin Keller-Sutter, he announced in the evening that there will be no deal with the USA. However, Even in a last phone call, it was not possible to agree with Donald Trump. Similarly, For the US President, the commercial deficit was in the foreground, according to Keller-Sutter.

The declaration of intent. Moreover, which was negotiated at an early stage with US Finance Minister Scott Bessen, which provided significantly lower tariffs for Switzerland, is void. Moreover, After the hapless phone call. In addition, Keller-Sutter also expressed that she hoped that Switzerland would be “not a worse result” than the EU.

In May a US delegation came to Geneva. Therefore, for negotiations-the results achieved there are now waste.Bild: keystone

This hope was disappointed immediately before the deadline and the publication of the list by the US government. Instead of the originally threatened tariffs of 31 percent. which would already be harmful to the Swiss economy, Donald Trump now even imposes 39 percent against the Confederation. This means that only four countries worldwide have higher tariffs. These are Myanmar (40 percent), Laos (40), Syria (41) and Brazil (officially 10 percent, but an additional 40 percent punitive tariff against ex-President Bolsonaro). All 39 percent – what known countries that are not listed separately on the new list should receive tariffs of 10 percent.

All tariffs should not come into force as originally announced on August 1st, but on August 7th. According to an official of the US State Ministry. the border and customs authorities should be given enough time to adapt to the new circumstances.

The current developments in the live ticker:

This is how Switzerland reacts

The financial department told the Keystone-Sda news agency that the additional tariffs were noticed “with great regret”. The 39 percent would differ “clearly” from the draft of the joint declaration of intent. Nevertheless, a negotiating solution is sought.

How do the United States 39 percent – what known justify the monster custom against Switzerland?

In principle. the US government justifies the tariffs with a controversial interpretation of the trade deficit that the United States have with other countries. There is currently no country -specific explanation. It is therefore not clear why Switzerland receives even higher tariffs than originally threatened.

Since numerous countries that were threatened even higher in April than those in Switzerland. from August 1, without an agreement, sometimes obtained significantly deeper sentences, it is obvious that the US President in the case of Switzerland is other than just deficit.

The Swiss pharmaceutical giants such as Novartis. Roche, who export a lot to the USA (and are therefore extremely important for the local economy) could play a role.

Trump wants to reduce medication prices in 39 percent – what known the USA at the expense of other countries. Recently. numerous pharmaceutical companies, including the Swiss, have received a letter from Trump in which he threatened retaliation if the corporations should not adhere to his new rules.

More information is available here:

Although the Swiss pharmaceutical companies were already trying to favor Trump. announced high investments in the United States, they still seem to be in the sight of the US president.

So it goes on now

As mentioned, the tariffs only come into force in a short week. Until then, the Federal Council has time to avert the massive duty. The question arises whether Trump is willing to negotiate again after the talks were unsuccessful before the list was published.

Federal President Karin Keller-Sutter had already said on Wednesday that one wanted to continue. negotiating if you did not find a solution until the deadline expired. “You can always negotiate,” said the FDP Federal Councilor.

There are also question marks in the United States. It is still not clear whether the tariffs that Donald Trump puts on the trading partners worldwide are legal. at all.

At the end of May. an appellate court had initially lifted the legade of almost all tariffs of the US President who had ordered a lower instance-the Court of International Trade in New York.

The New York court had denied Trump’s government to impose far -reaching tariffs, citing an emergency law. The decision referred to almost all tariffs issued by Trump’s government. It also included country -specific 39 percent – what known trading swears. which the President imposed in early April and then pushed it up several times.

Trump’s argument is: Trade deficits with other countries are a national security risk, so there is a national emergency. With this reason, he imposed the far -reaching tariffs by decree – and dealt with the parliament. He used a law from 1977 that had never been used for tariffs before.

According to US media, the appellant now expressed themselves skeptically about this government’s approach. One of his greatest concerns is that the emergency law used to mention the word “Zölle” anywhere. the broadcaster “ABC News” and the news portal “Politico” quoted one of the judges. According to the “Washington Post”, weeks could go away until a decision in this case.

And even then the legal dispute could go 39 percent – what known on-and ultimately end up in front of the highest US court.

With material from the news agencies SDA and dpa.

US President Trump has imposed additional tariffs of 39 percent against Switzerland. Business associations cannot understand the duty. Economiesuisse is now calling for relief measures.

From the point of view of the Economiesuisse Business Center Association. the tariffs of 39 percent are a very serious threat to Swiss export companies. The Federal Council is required to quickly strive for a reduction in tariffs.