‘He Likes Swiss Watches!’: Trump Shocks Horology With Tariffs
17 Articles
17 Articles
Switzerland has been left completely alone by the new 39% US tariffs, writes journalist Mario Stäuble in a commentary for the Swiss daily Tages-Anzeiger. Until a few months ago, Switzerland relied on its "special relationship" with the US and US President Donald Trump. According to Stäuble, the new tariffs have sent a clear message that Trump is not interested in a special relationship.
The watches of Patek Philipe and Rolex are the last victims of the commercial war of the president of the United States, Donald Trump, who has caught Switzerland by surprise on Friday morning with tariffs of 39%. The country, famous for being neutral, has been dragged into the customs contest with one of the highest reciprocal rates in the world. In addition, the luxury industry has already experienced a cyclical slowdown in recent years that ha…
Switzerland has woken up in shock this Friday. U.S. President Donald Trump has punished the small Alpine confederation (nine million inhabitants) with a tariff of 39%, the highest in Europe. Among the new charges known in the early morning, he is only behind Laos, Myanmar and Syria. The hammer is even higher than the 31% Trump threatened on that board he exhibited in April, on so-called Liberation Day, when he definitively opened the trade war w…
In the top 5 countries hardest hit by Donald Trump's taxes, there's Switzerland. And that's a surprise. A few days ago, the government was hoping to find a trade deal with the US president. The announcement of the new rate made the effect of a cold shower: it will be 39% of taxes on exports. In Switzerland, it's dismay.
As of 7 August, imports into the USA will be subject to heavy customs duties. The comparison with Switzerland shows how happy the EU got away with it.
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