America Imposes New 12.5% Tariff on Swiss Goods
5 Articles
5 Articles
For products exported from Switzerland to the USA, 12.5 per cent of customs duties are due – at least less than feared.
UBS economists have confirmed their growth forecasts for Switzerland following the announcement of new US tariffs.
The economists at Grossbank UBS continue to expect an increase of 0.7 percent for the local sports event-adjusted gross domestic product (GDP) this year and of 1.4 percent next year.
America imposes new 12.5% tariff on Swiss goods
America has imposed new tariffs of 10% or 12.5% on selected imports from about 60 trading partners, including Switzerland. The White House says the countries concerned have failed to do enough to combat forced labour. Photo by Polina Zimmerman on Pexels.com The measures, announced on Thursday, took effect overnight. The European Union, Japan and Taiwan are also named in the American documents. Switzerland will generally face the higher rate of 1…
Switzerland will have 12.5 percent duty on exports to the US on Friday. While leftists criticise the US President's "welcome" but also demand measures against forced labour, citizens warn against legal quick shots to appease Trump.
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