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Swiss firm suspected of violating gold sanctions against Russia
2025-09-20
The State Secretariat for Economic Affairs (Seco) has launched an investigation into Open Mineral, a commodities trader based in Baar. The company is suspected of violating sanctions against Russia in relation to gold, Reuters reported on Friday. Open Mineral allegedly traded the precious metal from Russia, violating sanctions against Moscow after the start of the …
Swiss Jura region hit hard by US tariffs
2025-09-18
The economy of the Jura region in western Switzerland is suffering as a result of the tariffs imposed by the United States. Since the beginning of September, more than 100 companies, employing a total of 4,000 people, have applied for short-time work compensation. This affects around 10% of the canton’s workforce. These figures are quoted …
Switzerland launches trade alliance with 13 small and medium-sized economies
2025-09-16
Switzerland wants to diversify and strengthen trade relations together with 13 other countries. With this in mind, the small and medium-sized economies involved have launched the ‘Future of Investment and Trade Partnership’. The new initiative brings together small and medium-sized economies with an interest in open and rules-based global trade. According to the economics ministry, …
Swiss government aims to remain in dialogue with US on tariffs
2025-08-07
Continuing talks, supporting affected industries and easing the burden on companies: this is the strategy the Swiss government is pursuing in the tariff dispute with the US. The executive will continue to refrain from taking countermeasures, it said on Thursday. +Get the most important news from Switzerland in your inbox The tariffs of 39% imposed …
Swiss president travels to Washington in bid to ease tariffs
2025-08-05
Swiss President Karin Keller-Sutter and Economics Minister Guy Parmelin are travelling to Washington on Tuesday. According to the government, the aim is to facilitate short-term meetings with US authorities and talks on improving Switzerland’s customs situation. +Get the most important news from Switzerland in your inbox A small delegation, including the State Secretary for Economic …
Swiss president should have met Trump in Scotland, says ex-diplomat
2025-08-04
Swiss President Karin Keller-Sutter would have been better off meeting US President Donald Trump in Scotland alongside the European Union. This is according to former Swiss ambassador Thomas Borer. +Get the most important news from Switzerland in your inbox But now that the 39% US tariffs have arrived, it is a matter of reacting, perhaps …
Swiss Finance Minister confident about US tariffs
2025-07-30
Swiss Finance Minister Karin Keller-Sutter remains optimistic as the Alpine state waits for a decision from the United States on tariffs. +Get the most important news from Switzerland in your inbox Regardless of the US decision, negotiations could always be continued, Keller-Sutter told public broadcaster RTS. “Usually the last word is never quite spoken,” she …
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