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Swiss National Bank Applauds Us Tariff Cuts, but Says It Doesn't Change Game Rules
Summary by El Economista
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The president of the Swiss National Bank, Martin Schlegel, said on Saturday that the agreement to reduce US tariffs from 39% to 15% is useful, but it does not mean a "change of game" for the Swiss economy, because tariffs have only affected a small proportion of exports.Switzerland and the United States reached a preliminary agreement this week to cut tariffs after US President Donald Trump imposed in August on the Alpine republic - whose econom…
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