UBS CEO Ermotti says he is worried about economic impact of US tariffs
ReutersSep 5, 2025 8:35 AM
Baden, Switzerland, Sept 5 (Reuters) - UBS UBSG.S CEO Sergio Ermotti said on Friday he is concerned U.S. tariffs will put pressure on economic growth and contribute towards higher inflation.
Ermotti told a business event in Baden that he was also very disappointed by the 39% tariffs Washington has imposed on Switzerland, but was confident that Bern would be able to reach an agreement for lower duties.
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