2025-08-04 16:55:10
USA
Economy

How U.S. Tariffs Are Threatening Switzerland's Economic Stability

The recent imposition of high tariffs by the United States, particularly affecting Switzerland, has sparked significant economic concern. With tariffs soaring to 39 percent, the Swiss economy faces potential job losses and a looming recession.

The Swiss market has already reacted negatively, with major companies like Richemont and Swatch witnessing declines in their stock values. Swiss President Karin Keller-Sutter is under scrutiny for her communication with President Trump, which many believe precipitated these punitive tariffs.

The situation has triggered a broader response, as international markets brace for turbulence amid fears of a global economic slowdown. As the Swiss government seeks to revise its offerings to the U.S., the ripple effects of these tariffs extend beyond Switzerland, with implications felt throughout the global trading landscape.

The ongoing trade dispute has prompted urgent calls for resolution, highlighting the intricate connections between national policies and global economic stability.

The Street
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The Trump administration announced tariffs on several countries, including a 25% tariff on India and up to 40% on Laos and Myanmar. The move triggered a market meltdown, with the crypto market plummeting by 3.19% in 24 hours. Bitcoin fell 2.22%, Ethereum dropped 4.52%, and XRP declined 4.73%. Crypto stocks also dipped in after-hours trading, with MicroStrategy down 1.50% and Coinbase plummeting 10%.
n-tv.de
4. August 2025 um 07:42

Switzerland Wants to Act Quickly: International Stock Markets Face a Downturn Due to Trump Tariffs

International stock markets are reacting with setbacks to the new US tariffs imposed by President Trump and the weak US labor market data. The Zurich stock exchange is facing a plunge, with stocks like Richemont (-4.2%), Logitech (-4.3%), and ABB (-3.1%) particularly in the red. The Swiss government announces its intention to act quickly and to revise the Swiss offer to the USA.
Asia Times
4. August 2025 um 09:47

Trump’s tariffs to hurt the US more than most others

President Trump's tariffs on most countries will reduce US merchandise imports by $468.7 billion and GDP by $108.2 billion, with US households losing around $861 per year. The revised tariffs are lower than originally announced but still cause significant economic shocks to the global trading system. Countries like Switzerland, Thailand, and Taiwan will also experience notable declines in GDP, while Australia and the UK may see minor gains.
Tagesspiegel
4. August 2025 um 07:13

Trump found her 'pedagogical': Did President Keller-Sutter negotiate 39 percent tariffs for Switzerland?

According to this, Switzerland will have to pay 39 percent punitive tariffs on imports from the USA starting next Thursday. The telephone call between Federal President Katrin Keller-Sutter and US President Trump is said to have led to this high penalty, after Trump had described Keller-Sutter as 'pedagogical'.
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