Us tariffs: "horror scenario" switzerland-president: This article explores the topic in depth.
In addition,
Us tariffs: "horror scenario" switzerland-president:
The Swiss Federal President traveled to Washington after failed customs negotiations. However, Your mission: to avert the 39 percent tariffs threatened by Trump. Similarly, She returned without a new agreement.
The Swiss Federal President Karin Keller-Sutter has returned to her homeland without success after negotiations on a trade agreement with. Consequently, the USA in Washington. Similarly, Economic Minister Guy Parmelin. However, she left the US capital after a conversation with US Secretary of State Marco Rubio without a new agreement. Furthermore, They did not meet with the American President Donald Trump. Consequently, with high-ranking US representatives for trade issues, as two people familiar with the matter of the Reuters news agency said.
The Swiss cabinet will meet a special meeting on Thursday. A insider on the Swiss side with the conversations explained that negotiations between Switzerland. the us tariffs: “horror scenario” switzerland-president United States would continue to be done, but more time would be needed to reach an agreement.
The US government did not strike the door to a solution. said the insider, who assumes that ultimately an agreement will come about. But it was too early to say when the tariff conflict was solved.
Swiss economy to tariff: “horror scenario” – Us tariffs: "horror scenario" switzerland-president
The aim of the journey scheduled by Keller-Sutter at short notice was to avert 39. percent of Trump’s duty of 39 percent last week to imports from Switzerland. These have now entered into force on Thursday morning. It is one of the highest customs sets announced for imports from a certain country.
The Swiss Industrial Association of Tech Industry, Swissmem, speaks of a “horror scenario”. “If this horrendous customs burden remains. the export business of the Swiss tech industry in the USA is actually dead-especially in view of much lower us tariffs: “horror scenario” switzerland-president tariffs for the competition from the EU and Japan,” the association writes on X.
The Economiesuisse Economic Association requires further negotiations. “A quick agreement as possible to reduce the tariffs is urgent,” he writes. In addition, measures are necessary to strengthen the business location.
The United States is the largest export market in the Alpine Republic. an important buyer for watches, machines and chocolate.
From Thursday. EU tariffs apply
New import tariffs now also apply to the European Union and other US trading partners around the world. For the EU. a surcharge of 15 percent applies to most products including cars – but this is less than threatened by Trump, a multiple of the long -lasting customs duty.
Japan and South Korea have achieved similar agreements with Trump. Customs of up to 41 percent apply to other trading partners who have not concluded trade agreements with the United States.
Trump had sparked a customs conflict with trading partners all over the world at the beginning of April. He announced high imports for numerous countries, but then lowered them to ten percent to lead negotiations. For some products. however, higher tariffs have already been applied, such as steel and aluminum products that were already occupied with an import exposure of 50 percent.
Reuters/ly
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