US EditionSwiss-US Trade Turmoil: Heavy Tariffs Threaten Economic Recession
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9 Articles
Swiss-US Trade Turmoil: Heavy Tariffs Threaten Economic Recession
Swiss-US Trade Turmoil: Heavy Tariffs Threaten Economic Recession The Swiss government is gearing up to revise its trade offer to the United States following President Donald Trump's announcement of a steep 39% tariff on Swiss imports. Business Minister Guy Parmelin expressed concerns that these duties could plunge Switzerland into a recession, placing thousands of jobs at risk.Confronted with one of the highest tariffs in Trump's global trade o…
Trump’s Puts Switzerland in Trade-War Crossfire
Wall Street Journal: “In a land famed for its neutrality and order, the Swiss reacted with shock and confusion to Trump’s decision to impose a 39% tariff—higher than all but three nations on last week’s executive order: Laos, Myanmar and Syria. Switzerland is one of the few nations whose Aug. 1 tariff rate was higher than Trump’s ‘Liberation Day’ threats in April.” “The move upended months of negotiations in which Swiss officials believed they w…
With horrendous punitive tariffs, the US President wants to shoot the export industry to the storm. Switzerland must sit out the attack, it is strong enough.
Meanwhile, experts are warning of a possible recession if the rate remains at 39 percent, as Donald Trump announced last Friday.
EDITORIAL. A crucial week begins for Switzerland, threatened by customs duties of 39% by the United States. This new psychodrama reminds us that the Swiss economic miracle is based on easy access to the major world markets.Taxing digital services, reviewing the contract of F-35 combat aircraft, reducing the regulatory burden of companies, speeding up to update the free trade agreement with China... After the massacre that represented the announc…
‘The economy is on the precipice of recession’, warns Moody's senior economist
Mark Zandi, chief economist at Moody’s Analytics, is accelerating his warnings of an incoming recession, highlighting several troubling indicators that point to a broad-based economic slowdown. According to Zandi, the economy is on the ‘precipice’ of a major downturn, citing recent economic data showing that consumer spending has stalled, while both the construction and manufacturing sectors are contracting, he said in an X post on August 3. T…
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