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Swiss press question concessions in US tariff deal
2025-11-16
Swiss newspapers have questioned the deal struck with Washington and concessions made by Switzerland to allow the tariff rate on Swiss imports to be lowered from 39% to 15%. What exactly were they? Some doubts remain. +Get the most important news from Switzerland in your inbox Switzerland and the United States announced on Friday that …
Swiss minister lands in Washington for tariff talks
2025-11-13
Swiss Economics Minister Guy Parmelin has touched down in Washington to hold talks with United States trade representative Jamieson Greer. +Get the most important news from Switzerland in your inbox The talks are “ongoing”, ministerial spokesperson Markus Spörndli told Keystone-SDA on Thursday morning. However, a conclusion to the tariff negotiations on Thursday is “somewhat unlikely”. …
US delays pharma tariffs to push for more drug pricing deals
2025-10-02
According to government circles, the new tariffs on pharmaceutical imports into the US announced by US President Donald Trump for October 1 will not be imposed after all. This was announced by a high-ranking government official to the German Press Agency. +Get the most important news from Switzerland in your inbox Instead, tariffs are now …
Switzerland enters digital trade deal with Singapore
2025-09-26
Switzerland is among the EFTA states ( also Iceland, Liechtenstein and Norway) that have signed an agreement on digital trade with Singapore. +Get the most important news from Switzerland in your inbox Swiss Economics Minister Guy Parmelin and representatives of the other EFTA states signed the deal with Singapore’s Minister for Trade Relations, Grace Fu, …
Swiss Senate votes to extend short-time working to counter tariffs
2025-09-10
The Swiss Senate has approved the extension of short-time working compensation from 18 to 24 months in the face of United States tariffs. +Get the most important news from Switzerland in your inbox Businesses have demanded the measure since since tariffs were raised. It has now cleared the first parliamentary hurdle. According to the parliamentary …
Swiss government calls for counter-proposal to the Responsible Business Initiative
2025-09-03
The federal government wants to counter the new Responsible Business Initiative with an indirect counter-proposal. The future regulations should be based on new provisions currently being discussed in the European Union. The national government does not want to go any further. +Get the most important news from Switzerland in your inbox On Wednesday, it set …
Vitol: the secretive trading giant minting fortunes for its employees
2025-09-03
The commodity house is among world’s most profitable companies and has returned $20 billion to senior staff over past three years. Across two floors of an unremarkable office block tucked between Buckingham Palace and London’s gritty Victoria coach station sits one of the most profitable but least known companies in the world. Commodity trader Vitol …
Swiss machinery sector continues to suffer from shrinking demand
2025-08-26
The Swiss machine and engineering industry remains caught in a downward spiral. In the current year, the number of orders have continued to fall, as has turnover. The industry association Swissmem assumes that the order situation will deteriorate even further. The main reason for this is the US tariff hike at the beginning of August. …
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