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Swatch CEO expects spike in demand due to US tariffs
2025-08-06
Nick Hayek called the 39% tariff imposed by the US on Switzerland as “arbitrary” and “unjustified”. However, he said that these tariffs will boost the watch group’s business. “I am convinced that Donald Trump wants to reach an agreement and show it to his voters in the United States. I am confident that the 39% …
‘Knives out’: Switzerland descends into blame game after US tariff shock
2025-08-04
President Karin Keller-Sutter is under fire for failed trade talks with Trump administration. A blame game has erupted in Switzerland after the US announced an unexpected 39% tariff rate on the Alpine country on its national day. Swiss President Karin Keller-Sutter is accused of grossly miscalculating the trade deal she thought she was able to …
Beyond tariffs: how Switzerland turned trade talks into climate action with Mercosur
2025-07-18
The Mercosur trade agreement recently signed by Switzerland includes commitments on environmental impact. These come on the back of increasing public scrutiny of free trade deals. After eight years of talks, the deal between Mercosur and the EFTA countries was finalised this month. It eliminates tariffs on industrial products, food, and agricultural goods, including Swiss …
ABB expands robotics business in China
2025-07-02
The Swiss-Swedish technology group ABB is expanding its robotics business in China. Three new robot families are being added to the portfolio, which are used for basic material handling through to demanding tasks such as dispensing or polishing. +Get the most important news from Switzerland in your inbox The new robots will be produced in …
Inheritance tax referendum spooks Swiss super-rich
2025-06-23
Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50% inheritance tax for the super-rich. The Alpine nation is due to hold a popular vote in November on the introduction of a federal tax on inheritances and gifts worth more than CHF50 million ($61 …
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