Swiss SME Association: US tariffs pose a threat to the Swiss technology industry

Jin10 reported on August 8 that the Swiss Association of Small and Medium Enterprises stated that the tariffs imposed by the United States on Swiss goods pose a threat to the technology industry. The Trump administration imposes a 39% tariff on Swiss goods imported into the United States. “If this dreadful tariff burden continues to exist, it will mean that the Swiss technology industry’s export business to the United States is effectively dead,” the association added, noting that competitors from the EU and Japan face lower tariff rates. Switzerland must not accept this situation and should continue negotiations.