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Lower US tariffs likely in December: Swiss minister
2025-11-22
Swiss economics minister Guy Parmelin hopes to see reduced United States tariffs from the beginning of December. +Get the most important news from Switzerland in your inbox “In Switzerland, we are ready”, Parmelin told Swiss public broadcaster SRF. In the US, it will take a little more time. A week ago, Switzerland and the US …
Study: Swiss watch industry shows resilience in face of US tariffs
2025-10-08
The Swiss watch industry is facing difficulties in the face of US tariffs. However, according to a study by the consulting firm Deloitte, the industry has proved resilient so far. +Get the most important news from Switzerland in your inbox Import duties of 39% on Swiss watches have been in force in the US since …
More than one third of firms in Switzerland are founded by foreigners
2025-09-30
More than one in three new companies in Switzerland will have been founded by foreigners by 2025. According to an analysis by the Institute for Young Entrepreneurs (IFJ), 37.5% of the total 40,867 new entries in the commercial register between January and September were made by people without a Swiss passport. +Get the most important …
Swiss fragrance firm Givaudan invests CHF40 million in China factory
2025-09-29
Flavour and fragrance giant Givaudan is inaugurating construction work on its new fragrance and beauty products factory in Guangzhou, southern China. Givaudan plans to invest CHF40 million ($50 million) to strengthen its capacities in the country. +Get the most important news from Switzerland in your inbox This inauguration “marks another important step in supporting the …
US tariffs: pharma firms not planning job cuts in Switzerland
2025-08-10
The additional investments in the US will not lead to a reduction in jobs in Switzerland. This is according to pharmaceutical giant Roche, which expects the number of employees to remain stable in the current year. The position of Novartis is similar. “With our recent $50 billion (CHF 40.4 billion at today’s exchange rate) investment …
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 …
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