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Tag Archive: global trade

Swiss central bank refutes US currency manipulation fears

2026-01-30

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2026-01-30

Switzerland remains on the United States watch list of possible currency manipulators, according to the Treasury Department's latest report. + Get the most important news from Switzerland in your inbox The Swiss National Bank (SNB) has again refuted US suspicions. "The SNB is not manipulating the Swiss franc," Switzerland's central bank said in a statement …

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Switzerland demands unfettered metal trade with EU

2026-01-29

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2026-01-29

Switzerland has repeated demands for an exemption from planned European Union metal trade restrictions. + Get the most important news from Switzerland in your inbox The EU plans to cut tariff-free steel import quotas by almost half. The extraordinary meeting of the Joint Committee on the free trade agreement between Switzerland and the European Union …

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Swiss trade surplus with US grew in 2025 despite tariffs

2026-01-29

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2026-01-29

Switzerland exported a record amount of goods to the United States last year despite a tariff dispute. Imports to Switzerland from the US fell, leading to a CHF41.1 billion trade surplus for the Alpine state. + Get the most important news from Switzerland in your inbox Swiss customs reported a 3.9% rise in Swiss goods … Continue...

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Swiss pharma firm Roche posts increased 2025 revenue

2026-01-29

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2026-01-29

Swiss pharmaceutical firm Roche posted total sales of CHF61.5 billion ($80.6 billion) last year, an increase of 2% from 2024. looks back on a successful financial year 2025. + Get the most important news from Switzerland in your inbox Roche has met its own targets and the outlook for the future also promises further growth, …

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Bern and Washington to start trade negotiations ‘as soon as possible’

2026-01-22

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2026-01-22

Switzerland and the United States want to start the first round of negotiations for a trade agreement as soon as possible, according to Swiss economics minister Guy Parmelin. + Get the most important news from Switzerland in your inbox The first round of negotiations will take place in Bern. Parmelin held "very constructive talks" with …

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Swiss President talks trade with Trump

2026-01-22

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2026-01-22

Swiss President Guy Parmelin has discussed trade relations with United States counterpart Donald Trump at the World Economic Forum (WEF) in Davos. + Get the most important news from Switzerland in your inbox "Davos is not Davos without the US President," said Parmelin after the meeting. + Will Swiss shops be inundated with cheap, hormone-filled …

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Trump’s tariff threats are ‘a mistake,’ says von der Leyen at WEF

2026-01-20

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2026-01-20

The additional tariffs proposed by US President Trump are a mistake, declared European Commission President Ursula von der Leyen at the opening of the World Economic Forum (WEF). She was reacting to the US President's threats if Greenland was not ceded to him. + Get the most important news from Switzerland in your inbox "We …

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US Treasury Secretary: US-Swiss relations are ‘back on track’

2026-01-19

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2026-01-19

Relations with Switzerland are back on track after a rough period, US Treasury Secretary Scott Bessent declared on Monday on his arrival in Davos for the World Economic Forum (WEF) annual meeting. + Get the most important news from Switzerland in your inbox "After a turbulent period in recent months, relations between Switzerland and the …

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WEF chairman welcomes Trump visit but doesn’t expect any ‘miracles’

2026-01-15

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2026-01-15

The new co-chairman of the World Economic Forum (WEF), André Hoffmann, says he has no great expectations of Donald Trump's appearance at the forum. "I don't expect any miracles," said the heir to Swiss pharma firm Roche on Thursday in the business newspaper Handelszeitung. + Get the most important news from Switzerland in your inbox …

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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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