Switzerland says ‘disappointed’ by Trump tariffs, will try to negotiate
Summary
Switzerland plans to negotiate with the United States after the U.S. decided to set a 39% tariff on Swiss goods. This tariff is higher than the 15% rate applied to many European Union products. The Swiss government expressed disappointment and aims to find a solution through talks before the tariffs take effect on August 7.Key Facts
- The U.S. announced a 39% tariff on goods from Switzerland.
- Switzerland was surprised and disappointed by the tariff decision.
- The tariffs will begin on August 7 if no agreement is reached.
- Swiss industries like manufacturing and watchmaking could be affected.
- The Swiss government is in talks with the U.S. to reduce or avoid the tariffs.
- Nearly 70 countries face new U.S. import duties starting in August.
- The U.S. aims to improve trade balances with these tariffs.
- Other countries also received new tariffs, with varying rates.
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