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Novartis feels heat from copycat drugs
2026-04-28
Novartis has felt the dampening effect of generic drugs at the start of the year. Nevertheless, management confirmed its previous outlook for the further course of business. + Get the most important news from Switzerland in your inbox Turnover for the first quarter totalled $13.1 billion, a decrease of 1% compared to the same period …
Switzerland eases egg import restrictions to meet rising demand
2026-04-01
The Swiss government will allow an extra 240 million eggs to be imported into the country with reduced tariffs from May 1. +Get the most important news from Switzerland in your inbox The Federal Council is allowing more cheaper egg imports at the request of the Swiss egg industry to meet increased demand. The quota …
US launches new trade investigation against Switzerland
2026-03-12
The US government is launching probes into numerous trade partners, including Switzerland, after US President Trump’s tariff policy faced legal setbacks. The issue is whether structural overcapacity in manufacturing sectors in these countries is putting the US economy at a disadvantage. + Get the most important news from Switzerland in your inbox In addition to …
Reduced US tariffs ‘remain a burden’ for Swiss economy
2025-12-19
The negative impact of US tariffs on the Swiss economy remains considerable despite a reduction in rates from 39% to 15%, according to consulting firm EY. +Get the most important news from Switzerland in your inbox According to an analysis published today by EY, gross domestic product (GDP) growth in 2026 is expected to be …
Swiss watch exports contract further in November
2025-12-18
Swiss watch exports continued to flag in November, falling by 7.3% to CHF2.2 billion, led by a dramatic decline in sales to the United States. +Get the most important news from Switzerland in your inbox The leading market in terms of value, with CHF201.1 million, the United States saw its imports of Swiss watches evaporate …
Swiss watchmaking: Breitling boss welcomes US tariff cut
2025-11-17
The recent decision to lower US tariffs on Swiss imports from 39% to 15% is particularly good news for the watch industry, says Georges Kern, head of the Breitling luxury watch brand. +Get the most important news from Switzerland in your inbox The new deal shows that “Team Switzerland”, with the support of the Swiss …
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”. …
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