Switzerland Opposes Trump's Proposed Tariff Increases

Swiss government expresses concern over economic impact of potential U.S. tariff hikes under Trump's new administration.

Switzerland is worried about U.S. President-elect Donald Trump's plan to impose a 10% tariff on all imported goods, with higher tariffs on Chinese imports.
The Swiss economy, which heavily relies on exports to the U.S., could be significantly affected by these proposed tariffs.
Around 20% of Switzerland's export goods currently go to the United States, making it a more critical market than Germany, China, or France.
Swiss authorities are exploring 'sensible responses' and are in talks with U.S. officials and European counterparts to address the potential trade barriers.
Economists warn that the proposed tariffs could reduce Swiss economic output by 1%, with industries like pharmaceuticals and machinery facing severe consequences.