The Alpine nation is trying to negotiate its way out of a steep tariff of 39% imposed by the US on August 1. The European Union, which wrangled a much lower tariff of 15%, offered concessions on certain US food imports. Is this an option for Switzerland? On Swiss National Day (August 1), it is customary for the Swiss to head to a local farm for a traditional brunch of regional specialities. Nothing stirs patriotic feelings like wolfing down a buffet spread of meats, cheese and “Wegge” – a kind of sugary bread made from yeast dough and adorned with a Swiss flag. This year, however, appetite for fresh farm fare was blunted by an announcement on August 1 of a 39% tariff on all Swiss imports into the United States, the highest in Europe. The announcement caught the Swiss by surprise, as the government was convinced it had negotiated down the 31% tariff announced on April 2 (US President Donald Trump’s so-called Liberation Day) to a more manageable 10%. The American tariffs on ...
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