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Trump’s tariffs expose weakness of Switzerland’s economic independence
2025-08-12
It’s not often that Switzerland finds itself at the sharp end of a global trade dispute. Even less often is it singled out with punitive action from a major trading partner. But this month, the US imposed a 39% tariff on most Swiss goods after a seven-day grace period lapsed. It is a rate more …
Swiss gold exports might not face US tariffs after all
2025-08-09
Gold exports to the United States may not be taxed after all. The White House plans to issue an executive order in the near future to clarify misinformation about the taxation of gold bullion, in particular. This announcement of a future clarification decree, transmitted on Friday by news agency AFP, follows information from US customs …
Swiss lift manufacturer Schindler receives order for Bogotá Metro
2025-08-07
Swiss multinational Schindler has secured an order in Colombia. The company from canton Lucerne will supply all the lifts and escalators for the first line of the new elevated railway system in the capital Bogotá. +Get the most important news from Switzerland in your inbox Schindler announced on Thursday that it is the sole bidder …
Emmi to raise price of Gruyère cheese in the US again
2025-08-05
In the wake of the 39% tariffs decided by the United States against Switzerland, Emmi will again raise the prices of AOC quality cheeses such as Gruyère for the US market. +Get the most important news from Switzerland in your inbox As a decentralised company, Emmi mainly produces locally and is therefore not directly affected …
Swiss parliament rejects initiative to tax huge inheritances
2025-06-17
A national tax on million-franc inheritances for climate protection has no chance in parliament. +Get the most important news from Switzerland in your inbox On Tuesday parliamentarians also rejected an alternative constitutional article to the initiative put forward by the Juso, the youth section of the left-wing Social Democratic Party. The initiative will therefore be …
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