-
Swiss Exports to US Plunge After Tariff Hike as Trade Tensions Deepen
The introduction of a 39% tariff on Swiss goods by the United States reportedly the highest among developed nations had a swift and pronounced effect on trade flows. Data from Swiss customs showed that seasonally adjusted exports to the U.S. fell by 22% in August compared to the previous month, the first full period under the new tariff regime. This marks one of the largest month-on-month declines since 2020 and indicates a strong causal relationship between the implementation of the tariff and the reduction in export activity. Among the goods affected by the tariff, watches a flagship Swiss export saw an 8.6% ... (full story)