Karin Keller-Sutter warned that Switzerland's economic future, particularly its export industry, is significantly dependent on President Trump's tariff decisions regarding Swiss imports. The Swiss government hopes for a significant reduction in the initially proposed 31 percent tariffs, targeting a rate lower than the 15 percent set for the EU. Keller-Sutter emphasized Switzerland's limited global influence, stating it cannot match the EU's political power. As new tariffs are scheduled to be imposed on various trading partners on August 1st, the economic landscape remains uncertain.
Karin Keller-Sutter stated, "The future of our country's economy, particularly its export industry, is closely tied to President Trump’s decision on tariffs regarding Swiss imports."
Keller-Sutter expressed concern over trade relations, saying, "We are a small country with some economic clout, but not the political power like the EU. We have to live with that."
The Swiss government is advocating for a significant reduction in the proposed tariff rate, hoping it will be set lower than the 15 percent tariff levied on the EU.
As of August 1st, new tariffs will be applied on various U.S. trading partners, including heavy tariffs on some sectors, further complicating international trade.
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