Swiss tech faces severe blow from Trump tariffs, industry group says
ReutersApr 3, 2025 7:38 AM
ZURICH, April 3 (Reuters) - Swiss tech companies are facing a serious setback from trade tariffs imposed by the United States on Switzerland, industry association Swissmem said on Thursday.
"The new tariffs are a severe blow to companies in the Swiss tech industry, which are in a difficult situation after many months of declining sales," Swissmem said in a statement.
U.S. President Donald Trump on Wednesday imposed a 31% tariff on imports from Switzerland compared with 20% on goods from the European Union and 10% from Britain.
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