US president Donald Trump unveiled a series of tariffs against countries around the world. He says the United States has been ‘looted, robbed and raped’ by friends and foes alike.
He says the US will impose a levy on imports half the rate they charge the US.
This is where the confusion starts. Switzerland will be hit by a rate of 31% - because Trump says this country charges a 61% rate against the US.
But economists point out – it doesn’t.
Switzerland has abolished tariffs on goods. It’s true that this country has a trade surolus with the US on goods – but this country imports far more services.
Federal President, Karin Keller-Sutter, says the government will quickly determine it’s response and adds this country’s long term economic interests are paramount.
CHF 10m to Geneva NGOs
Covid cycle lane will stay
Chinese electric car maker enters Switzerland
E-bikes and scooters lead to more serious injuries
Initiative launched to boost parental leave
Drivers face fines for photographing accident
