The Swiss government says it is not considering any countermeasures against the US at this point.It is ready to make more attractive offer to the US.
One of the surprising tariff rates was the 39% to Switzerland. The president said that they have a $40 billion trade deficit and that’s not good enough.
Luxury Goods (Watches, Chocolate, Cheese): Swiss watches are particularly affected—all imports now subject to 39% duties. Chocolate and cheese may also face price hikes in U.S. stores
Pharmaceuticals & Healthcare: While critical medicines may be exempted or negotiated, long-term pharmaceutical tariffs could eventually reach up to 200% without carve-outs
Industrial Goods: Switzerland abolished internal tariffs on industrial products in 2024—but U.S. duties still apply to Swiss-origin exports entering the U.S. market
This article was written by Greg Michalowski at investinglive.com.