Tag Archive: global trade

Swiss pharma industry braced for upheaval

2026-01-08

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2026-01-08

United States trade policy has exposed the Swiss pharmaceutical industry to a period of upheaval, according to Interpharma, which represents Switzerland's research-based pharma firms. +Get the most important news from Switzerland in your inbox Switzerland is currently standing at a crossroads, said Interpharma president Jörg-Michael Rupp stated at the association’s annual media conference. + How …

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Swiss oil traders weigh opportunities following US intervention in Venezuela 

2026-01-07

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2026-01-07

The US military intervention in Venezuela and capture of president Nicolás Maduro has put the world’s largest oil reserves back on the global energy map. Switzerland’s oil traders are paying close attention. Since the United States imposed sanctions on Venezuela’s state oil company, Petróleos de Venezuela SA (PDVSA), in 2019 under Donald Trump, Swiss oil …

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Microsoft and McKinsey pay up to $1 million each to back Donald Trump’s Davos hub

2026-01-06

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2026-01-06

Microsoft and McKinsey are among the US companies paying up to $1 million (CHF790,000) each to sponsor a Davos venue that will serve as a base for US government officials during President Donald Trump’s trip to the World Economic Forum (WEF) later this month. Paying to back the venue, housed in a small church in …

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Reduced US tariffs ‘remain a burden’ for Swiss economy

2025-12-19

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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 …

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US ‘strikes price cut deal’ with Swiss pharma giants

2025-12-18

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2025-12-18

The United States has struck a deal with Swiss pharmaceutical giants Novartis and Roche to lower drug prices, according to media reports. +Get the most important news from Switzerland in your inbox The deal is expected to be made public on Friday, Bloomberg reports, citing sources close to the matter. + Read how Trump upended …

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Swiss watch exports contract further in November

2025-12-18

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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 …

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Swiss banks stung with CHF237m rates rigging fine

2025-12-18

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2025-12-18

Twenty Swiss banks have been fined CHF237.5 million by the Competition Commission (ComCo) after a long-running investigation into collusion on the financial market. +Get the most important news from Switzerland in your inbox In total, ComCo investigated agreements on the financial market in nine separate proceedings over a period of more than ten years. The …

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Trump sets Switzerland tariff deal deadline

2025-12-18

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2025-12-18

The United States has ramped up pressure on Switzerland by setting a March 31 deadline for sealing a legally binding tariff agreement. +Get the most important news from Switzerland in your inbox If this deadline is not met, the White House intends to review and reconsider the planned reduction in punitive tariffs "if necessary". This …

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US tariff reduction will save Swiss firms: business federation

2025-12-11

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2025-12-11

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 …

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Switzerland gains retroactive US tariff cuts

2025-12-11

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2025-12-11

Tariffs imposed on Swiss goods by the United States will fall from 39% to 15% with retroactive effect from November 14. +Get the most important news from Switzerland in your inbox The basis for this is the declaration of intent signed by Switzerland, the US and Liechtenstein on that day. The US limited the flat-rate …

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Swiss public sceptical over US tariff deal: survey

2025-12-03

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2025-12-03

More than two-thirds of Swiss people have misgivings over the recent tariff deal struck with the United States, a survey suggests. +Get the most important news from Switzerland in your inbox The survey, commissioned by the Blick newspaper, found 69% of respondents opposed to the deal. Just under a third of Swiss respondents would be …

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Swiss lawmakers vote to ease weapons exports

2025-12-02

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2025-12-02

Both Swiss parliamentary chambers have approved the easing of war materiel exports and re-exports. +Get the most important news from Switzerland in your inbox The House of Representatives has approved, by 120 votes to 63, the relaxations earlier decided by the Senate. The proposal follows a request from parliament, which currently prohibits all sales if …

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Swiss lawmakers agree on China trade framework

2025-12-02

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2025-12-02

Both Swiss parliamentary chambers have agreed on the wording of legislation to control foreign investments in Switzerland, particularly Chinese. +Get the most important news from Switzerland in your inbox The House of Representatives has followed theSenate, which spoke out in favour of limiting the law. For example, the law will now not apply if a …

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Swiss official downplays business leader meeting with Trump

2025-12-02

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2025-12-02

The head of the Swiss State Secretary for Economic Affairs (Seco) has thanked Swiss entrepreneurs for their controversial tariff meeting with United States President Donald Trump. +Get the most important news from Switzerland in your inbox Helene Budliger Artieda said she was informed about the gifts, including a Rolex clock and a gold bar, which …

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Swiss lawsuit against gold bar US trade delegation

2025-11-27

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2025-11-27

Swiss parliamentarians have lodged a criminal complaint against business leaders who presented United States president Donald Trump with a Rolex and a gold ingot during tariff discussions. + Get the most important news from Switzerland in your inbox The complaint calls on the Swiss justice system to investigate the matter for potential corruption? Two Green …

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Swiss foreign trade sluggish in October

2025-11-20

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2025-11-20

Switzerland's international trade stagnated in October, on both the export and import sides, reflecting the uncertainties weighing on the global economy. +Get the most important news from Switzerland in your inbox However, the watchmaking industry rebounded for the first time since July. In the month under review, seasonally adjusted exports stagnated at CHF22.53 billion, representing …

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Swiss army knife maker relieved by US tariff cut

2025-11-19

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2025-11-19

The CEO of Swiss army knife maker Victorinox as reacted with relief to the reduction in United States tariffs on Swiss products to 15%. +Get the most important news from Switzerland in your inbox This creates a more manageable framework for exports, Carl Elsener told the AWP news agency on Wednesday. Thanks to this reduction, …

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Swiss watchmaking: Breitling boss welcomes US tariff cut

2025-11-17

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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 …

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White House hails ‘historic’ tariff deal with Switzerland

2025-11-17

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2025-11-17

The White House has praised the framework for a 'historic trade deal' negotiated with Switzerland. The agreement announced on Friday promises a lower US import tariff rate of 15% for Switzerland - down from 39% - in return for $200 billion in investments by Swiss companies in the US. +Get the most important news from …

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Swiss press question concessions in US tariff deal

2025-11-16

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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 …

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