Archive · 8 Aug 2025
Switzerland to Pursue US Talks Despite High Tariffs
The Swiss government is still trying to lower the big taxes the US put on Swiss products like watches and coffee.
The US put a 39% tax on these goods.
The Swiss president went to talk to Donald Trump, but it didn't work.
Now, Switzerland is looking at helping its companies and trying to figure out how to fix things.
If the taxes stay, it could hurt Switzerland's economy.
Switzerland plans to continue talks with the US to lower the 39% tariffs imposed on its exports.
The tariffs, which began on Thursday, affect goods like luxury watches and Nespresso capsules.
President Karin Keller-Sutter sought to influence Donald Trump before the tariffs but was unsuccessful.
The Swiss government is assessing potential relief measures for businesses.
The tariffs are higher than those imposed on the European Union and may risk Swiss economic output.
- Who
- The Swiss government and US authorities, including President Karin Keller-Sutter and Donald Trump.
- What
- Switzerland is continuing negotiations with the US to reduce tariffs on its exports.
- When
- After tariffs of 39% were imposed on Thursday.
- Where
- Switzerland and the United States.
- Why
- Due to the imposition of high tariffs by the US on Swiss exports.
Swiss Politicians
Swiss Government
Response to Tariffs
Swiss Politicians
Pushing to cancel the order of US fighter jets.
Swiss Government
N/A
- Tariff Rate
- 39%
- Affected Goods
- Luxury watches, Nespresso capsules
- Exemptions
- Pharmaceuticals, gold (so far)
- Swiss-US Trade Surplus
- $38.5 billion
- Impact on Economy
- Up to 1% of Swiss economic output at risk
