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Swiss watchmaking industry grapples with spike in US trade tariffs
2025-09-12
The 39% tariffs on Swiss exports to the United States, introduced in August, are a heavy blow for Swiss watchmakers. Industry journalist Alexey Tarkhanov went to the Geneva Watch Days trade fair to get a feel for the mood. The announcement had already cast a shadow over Swiss National Day, August 1. One month later, …
Explainer: How the new US tariffs are already impacting the Swiss economy
2025-09-08
On August 1, US President Donald Trump announced a tariff of 39% for Switzerland. The effects are slowly becoming visible. Only five countries have higher tariffs for their exports to the US than Switzerland. Of all the industrialised nations and European countries, Switzerland has the highest US tariffs. At the same time, the US has …
Switzerland held “constructive” tariff meeting in Washington
2025-09-06
Swiss economics minister Guy Parmelin says a meeting in Washington to discuss tariffs with United States officials was “constructive”. +Get the most important news from Switzerland in your inbox Switzerland sees good opportunities for both countries and wants to strengthen the partnership, he wrote on the social media platform X on Saturday night. Parmelin met …
Swiss nuclear plant is off the grid for an indefinite period
2025-07-15
The Gösgen nuclear power plant in Däniken in canton Solothurn is not producing any electricity until further notice. The operator must provide evidence of fallback in case of a possible overload in the feedwater pipework system. The supervisory authority ENSI has not given any time frame for this. The safety scenarios are very comprehensive and …
Swiss shares fall slightly after US tariff verdict against EU
2025-07-14
The stock market started the new week lower on Monday. The reason for this is the US announcement of extra tariffs of 30% on EU goods from August 1. The market had actually hoped for an early defusing of the trade conflict. The Swiss Market index SMI lost 0.19% to 11,915 points by around 9.40 …
Barry Callebaut sells less chocolate than expected
2025-07-10
Swiss chocolate producer Barry Callebaut was hit hard by high cocoa prices in the first nine months of its fiscal year. +Get the most important news from Switzerland in your inbox The world’s largest chocolate company generated more income than in the same period of the previous year despite selling less chocolate. The company broke …
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