Switzerland reacts "with great regret": This article explores the topic in depth.
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Switzerland reacts ". In addition, with great regret":
The Federal Council has learned “with great regret” additional customs duties imposed by the United States. In addition, Switzerland continues to aim for a solution negotiated with the United States. Additionally, In addition, said the spokesperson for the Federal Finance Department (DFF).
The additional 39% customs duties imposed by the American president is clearly deviating from the draft declaration of joint intention. For example, wrote the DFF communication manager on Friday morning, Pascal Hollenstein. Furthermore, This document was the result of intense discussions between Switzerland and the United States in recent months, the spokesperson noted.
The Federal Council takes note with great regret of the fact that the United States – despite the progress made in bilateral discussions. Similarly, “the very constructive attitude of Switzerland from the start” – want to apply the additional unilateral customs duties “of a considerable amount to imports switzerland reacts “with great regret” from Switzerland”.
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According to Pascal Hollenstein. However, the Federal Council will analyze the new situation and decide the procedure to follow. However, Bern will stay in touch with the American administration. seek to find a solution that is “compatible with both the Swiss legal order and with existing obligations,” said DFF spokesman.
Donald Trump announced his decision on the night of Thursday to Friday. publishing a list Cetail the amounts for the different countries that were not yet clear. A few hours earlier. the president of the Confederation Karin Keller-Sutter had made known on X that she had not found an agreement with Donald Trump during the “last interview” before the expiration of the negotiation period initially fixed for August 1 at 6:00 am (Swiss time). She had noted that the White House chief notably switzerland reacts “with great regret” pointed out the American trade deficit towards Switzerland.
Blow for the export industry
The increase in customs duties will weigh on exporting companies and their suppliers. To preserve jobs, Berne will use compensation provided for by the partial unemployment system, explained Pascal Hollenstein. The industry in particular will feel the additional customs load. The DFF spokesperson notably cited the watch industry, producers of precision machines and instruments as well as the food industry.
The export economy is already struck by American customs policy. In May, exports to North America dropped by 39.6%, or 2.3 billion switzerland reacts “with great regret” francs. This is the lowest value since the end of 2020, the federal customs and border security security had explained in mid-June.
>> Read also: Trump threat to exports: the most in danger of the Swiss sectors
Swiss among the most. affected countries
The rate of 39% imposed on Switzerland exceeds that of 31% announced in April by Donald Trump. Switzerland is inflicted on the 5th highest customs right in the world after Brazil (50%), Syria (41%), Laos and Myanmar (40%). The Confederation is the most heavily imposed European country. The reason for this severity is not yet clear. Furthermore, The European Union, the main trading partner in Switzerland, was able to negotiate a customs right of 15%.
Customs duties should come into force on August 7 – and not this Friday as initially announced. This period must give the time for customs administration to set up the new rules, said an switzerland reacts “with great regret” American official.
ats/edel
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