US EditionUBS Asked by Swiss Economy Ministry for Support on US Tariffs
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9 Articles
UBS Asked by Swiss Economy Ministry for Support on US Tariffs
The Swiss economy ministry is seeking input from UBS Group AG as it scrambles to get an improved US trade deal, potentially providing the country’s largest lender an avenue for better ties with the government.
The Swiss tech industry is smiling at the US tariffs of 39 percent. Its Swissmem association already sees the negative consequences. However, the EU could do new business.
More Defense, More Sales: Switzerland Wants to Significantly Squeeze Us Tariffs with a Trade Package
US tariffs against Switzerland are among the highest imposed by the U.S. government. However, in Bern there is a hope to push them at EU level, where more money will be spent on the military and better market access. However, this is questionable, after a previously escalated phone call.
Nervous Swiss ready Trump sweetened offer for tariff pain relief
ZURICH - Switzerland soon hopes to finalise a new business offer for Washington to ease its tariff burden, which will likely include more defence spending and greater access for U.S. energy interests, two people familiar with the matter said. Read more at straitstimes.com.
The US tariffs put pressure on the Swiss export industry. It is sometimes forgotten that the headwind also comes from Europe. In particular, Germany's continuing weakness phase contributes to the externally challenging environment, as Santosh Brivio writes in his guest article for finews.ch.
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