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US tariff reduction will save Swiss firms: business federation

The Swiss Business Federation economiesuisse is relieved about the reduction in United States tariffs for Switzerland. +Get the most important news from Switzerland in your inbox This is a real relief for the Swiss economy, the association wrote in a statement on Wednesday. "Thanks to the US tariff agreement and the reduction of tariffs to 15%, numerous jobs can be saved in Switzerland," it continues. For various Swiss companies, the tariffs of 39% would have made international business relations much more difficult. For certain companies, they were even "threatening their existence". Swiss companies now have the same level playing field as their competitors from the EU/EFTA states or Japan. "It is crucial for the economy that negotiations with the US can now be resumed quickly," economiesuisse added. Translated from German by DeepL/mga How we work We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A ... Full story here Are you the author?
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