The 39% tariffs imposed by the US could cost the Swiss economy up to 20,000 jobs, says UBS economist Thomas Veraguth. +Get the most important news from Switzerland in your inbox “The uncertainty is at all levels, but it is obviously very different from one company to another,” the expert emphasised in an interview broadcast on Swiss public television RTS. “And even on the US side there are many doubts, because there are many exceptions and the regulations are very complicated. For example, there are not only duties on final products, but also those that affect – to varying degrees – components.” In such a fluid picture, UBS has nevertheless tried to assess the impact the situation will have on the Swiss labour market. “In the worst-case scenario, we estimated that there are around 20,000 jobs at risk,” explains the specialist with a degree from the University of St Gallen. “This is an important figure, which exceeds the experiences we have had in the past in other disputes or with ...
Full story here
Are you the author?
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC).
Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post
See more for 3.) Swissinfo Business and Economy
Next post
Tags:
Featured,
newsletter
