Swiss Economy Faces Trump Tariff Blow

Published: 2025-04-03

The Swiss economy is bracing for impact as the U.

S. announces steep tariffs on imports.

President Donald Trump has imposed a 31% tariff on Swiss goods, citing a controversial formula based on trade deficits.

While other nations like the EU face lower tariffs, Switzerland is disproportionately affected.

The Swiss government, led by President Karin Keller-Sutter, has opted for a calm response, avoiding countermeasures.

Trump ally Ed McMullen praised this approach, suggesting it could strengthen U.

S.-Swiss trade relations.

Economists, however, criticize the U.

S. formula as overly simplistic and unfair.

Swiss businesses now face tough decisions to mitigate the economic fallout.