Swiss tension runs high as the clock survives on the US Tariff Deadline
US President Donald Trump raised his fist on August 3, 2025, after spending his bedminster’s residence at the White House in Washington, DC.
Mandel and | AFP | Getty
Tensions and fear in Switzerland are increasing, as the trade agreement with the United States is a few days left.
Without a dill, Switzerland 39% of duties US President Donald Trump’s latest trade policy was on imported goods in the United States after the most new rate was hit by the most new rate. High duty was surprised by many, as the broad report had previously suggested that the trade agreement was close and Trump had just lost the signature.
At the end of the week, the report revealed that Swiss officials officials officials rejected high rates between Swiss President Karel Keller-Sutter and Trump on Thursday. Rooters?? The Swiss Federal Chancellor did not immediately respond to the request made for CNBC’s comment.
Member of the Swiss Federal Council and Gai Paramel, the head of the Department of Financial, Education and Research, told the local media that the government was open to the United States to tweak its proposal – but the deadline for August 7 has proved difficult to finalize the Royators. Reported??
Swiss leaders will meet on Monday to discuss the latest developments.
Anything else, Jameson Grear, a US trade delegation, expressed hope of the confusion of somewhat close trade agreement, Telling CBS news that he was not expected to negotiate the latest rates in the coming days and “these rates are very set.”
Concerns in the Swiss business community
Industry groups and professional leaders have raised the alarm on the potential decline of business, which can cause major job losses.
“It was a lot more than surprised. We were all shocked,” the department, Head of International Relations and Member of the Economy Executive Board, Jana Atesandar, told Carolin Roth and Ritika Gupta of CNBC on Monday.
It would be difficult to offset the influence of 39% to Swiss businesses, said Acelander. “For many companies, only such a high rate will reduce trade and we are sure that the agreement is still better on both sides than just reducing trade.”
He added that Switzerland has given diversity and Swiss businesses to achieve success worldwide, but “not an option for the United States”.
That Swiss exports include chemical and pharmaceutical products, watches and jewelry, gold, chocolate and electronics.
Switzerland’s Blue-Chip SMI index was closed for a national holiday when the new American rate was announced on Friday, but on Monday, London dropped by about 1.2 percent at 8:30 am. Shares of Chemicals Firm Sika fell by 8.5%, while Luxury Group RicoMont and Rochee were 9. % Low trade.
In the early deals, the widespread Swiss all shared index dropped by 1.5%.
UBS analysts said on Friday that a direct effect on the total Swiss equity market in new duties “negative, but not destructive.” They flagged the worst-hit companies that watches and machinery manufacturers, including small companies that are more dependent on medatech business and export.
Swiss financially has also created fear in the situation without cause.
Senior Economist of EFG SET Management Gianuii Mandruzoto on Monday told CNBC’s “Europe Early Edition” that the risk of Swiss recession has increased after the announcement, about 10% of the US exports will be affected.
This levy will increase the deflectionable pressure on the economy and therefore the Swiss National Bank, which has already stopped the strength of weak inflation and Swiss Frank from zero rates.
A contract next?
According to the economy’s Ateslander, business leaders are expecting to reach the Swiss-US deal, but there is a lot of uncertainty at present.
While the Swiss government is working on a new offer, “This is completely open at the moment,” he said.
It is very difficult to say whether it is very difficult to say whether it is very difficult to say whether it is very difficult to say whether the government will be able to talk on a better agreement on the current 39% rate, with potential bargaining tools with high procurement of energy of the US energy or with more direct investment by Swiss companies in the United States.
“It seems that trade negotiations with the United States eventually boil on what Donald Trump preferred,” Mandruzato said that it is also difficult to evaluate what the final negotiation issues may be.
– Carolin Roth of CNBC and Ritika Gupta Contributed to this report.
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