Tag Archive: global trade

Top Swiss business leaders meet Trump in Washington

2025-11-06

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2025-11-06

The heads of six large Swiss companies took part in trade talks with United States President Donald Trump in Washington. +Get the most important news from Switzerland in your inbox The business leaders reaffirmed their conviction that a bilateral trade agreement would significantly strengthen economic exchanges, to the benefit of both countries. + How US …

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Swiss logistics group Kuehne+Nagel to cut up to 1,500 jobs

2025-10-23

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2025-10-23

Swiss logistics group Kühne+Nagel is launching a cost-cutting program, which will slash 1,000 to 1,500 full-time positions, following a slump in profits. +Get the most important news from Switzerland in your inbox Turnover fell by 7% to CHF6.04 billion. Gross profit adjusted for volatile freight tariffs fell by 4% to CHF2.11 billion. As a result, …

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Swiss exports to US rebound in September

2025-10-21

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2025-10-21

Swiss exports to the United States have overcome previously weak growth by posting a significant rise in September. +Get the most important news from Switzerland in your inbox Exports to all parts of the world rose by a seasonally adjusted nominal 3.4% to CHF22.8 billion, as reported by the Federal Office for Customs and Border …

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Metalor to invest CHF40 million in western Switzerland

2025-10-18

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2025-10-18

Although Metalor aims to produce more gold in the United States, the company will not abandon its production site in Marin, canton Neuchâtel. According to its CEO, the company will invest between CHF40-50 million ($50-63 million) there over ten years. +Get the most important news from Switzerland in your inbox For Metalor, producing some of …

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Swiss medtech fears major blow over US tariffs

2025-10-15

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2025-10-15

Suppliers of medical devices in Switzerland are watching closely the prospect of new customs duties in the United States, applicable to all non-US production. + Get the most important news from Switzerland in your inbox The US Department of Commerce is conducting an investigation until October 17 into the importation of a range of devices …

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US delays pharma tariffs to push for more drug pricing deals

2025-10-02

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2025-10-02

According to government circles, the new tariffs on pharmaceutical imports into the US announced by US President Donald Trump for October 1 will not be imposed after all. This was announced by a high-ranking government official to the German Press Agency. +Get the most important news from Switzerland in your inbox Instead, tariffs are now …

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Pfizer deal gives Novartis and Roche stock boost

2025-10-01

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2025-10-01

Pharmaceutical stocks rebounded in a big way on the Zurich stock exchange in the wake of a tariff agreement reached by Pfizer in the United States. +Get the most important news from Switzerland in your inbox Long under pressure due to intentions to regulate drug prices in the US, companies are breathing a sigh of … Continue...

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More than a third of Swiss companies report irregularities

2025-10-01

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2025-10-01

More than one third of Swiss companies were affected by illegal and unethical behaviour within their organisation or in their supply chain last year. +Get the most important news from Switzerland in your inbox However, Swiss companies are less affected than average. This is the conclusion of the Whistleblowing 2025 report published today by the …

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Tariffs ‘threaten global medicine supply’: Swiss pharma agency

2025-09-27

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2025-09-27

United States tariffs on medicines have threatened global drug supply chains, says an association representing Swiss pharmaceutical companies. +Get the most important news from Switzerland in your inbox Customs barriers disrupt production and supply chains and hinder research and development, Interpharma told AWP.

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Switzerland enters digital trade deal with Singapore

2025-09-26

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2025-09-26

Switzerland is among the EFTA states ( also Iceland, Liechtenstein and Norway) that have signed an agreement on digital trade with Singapore. +Get the most important news from Switzerland in your inbox Swiss Economics Minister Guy Parmelin and representatives of the other EFTA states signed the deal with Singapore's Minister for Trade Relations, Grace Fu, …

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Switzerland braces for 100% US medicine tariff

2025-09-26

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2025-09-26

United States President Donald Trump has announced new tariffs on medicines, lorries and furniture produced outside the US. +Get the most important news from Switzerland in your inbox From October 1, "we will apply a 100% tax on all branded and patented pharmaceutical products, unless a company BUILDS its pharmaceutical plant in America", Trump wrote …

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US tariffs force Switzerland to rethink trade ties

2025-09-24

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2025-09-24

United States trade policy is rattling countries worldwide and prompting them to redirect trade flows at record speed. This is also how Switzerland is responding. US tariffs have put many countries in a tight spot. Persistent uncertainty is only making matters worse: will the US president suddenly slap on further tariffs, despite all concessions, as …

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Switzerland launches trade alliance with 13 small and medium-sized economies

2025-09-16

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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, …

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US Secretary of Commerce confident of Swiss tariff deal

2025-09-12

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2025-09-12

United States Secretary of Commerce Howard Lutnick is confident about striking a customs deal with Switzerland, which is facing 39% tariffs for good exported to the US. +Get the most important news from Switzerland in your inbox "We will probably get a deal with Switzerland," he said in an interview with the US broadcaster CNBC …

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Swiss SME sentiment remains stable despite steep US tariffs

2025-09-11

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2025-09-11

Despite the high US tariffs, the mood among Swiss SMEs has hardly deteriorated. However, two-thirds of export-oriented companies have now adjusted their export strategy, with one in ten even questioning it as a whole. The mood among small and medium-sized enterprises (SMEs) in Switzerland is stable despite the high US tariffs, according to the study …

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Swiss Senate votes to extend short-time working to counter tariffs

2025-09-10

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2025-09-10

The Swiss Senate has approved the extension of short-time working compensation from 18 to 24 months in the face of United States tariffs. +Get the most important news from Switzerland in your inbox Businesses have demanded the measure since since tariffs were raised. It has now cleared the first parliamentary hurdle. According to the parliamentary …

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Swiss central bank invests in controversial companies

2025-09-10

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2025-09-10

The Swiss National Bank (SNB) is investing money in nine companies that are facing sharp international criticism for their military cooperation with Israel. At the same time, the SNB emphasises ethical principles. How does this fit together? +Get the most important news from Switzerland in your inbox Caterpillar is one of the nine companies. The …

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Swiss await US Supreme Court ruling on tariffs

2025-09-10

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2025-09-10

The United States Supreme Court is set to rule on the legality of President Donald Trump's tariff policy, which also impact Swiss imports duties. +Get the most important news from Switzerland in your inbox A hearing will take place in November, according to a Supreme Court document. Last week, Trump's government applied to the Supreme …

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Switzerland held “constructive” tariff meeting in Washington

2025-09-06

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2025-09-06

Swiss economics minister Guy Parmelin says a meeting in Washington to discuss tariffs with United States officials was "constructive". +Get the most important news from Switzerland in your inbox Switzerland sees good opportunities for both countries and wants to strengthen the partnership, he wrote on the social media platform X on Saturday night. Parmelin met …

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Switzerland seeks improved tariff deal with US

2025-09-05

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2025-09-05

Swiss Economics Minister Guy Parmelin has flown to the United States with a new offer to resolve the customs dispute between the two countries. +Get the most important news from Switzerland in your inbox The purpose of Parmelin's short notice mission was confirmed by Foreign Minister Ignazio Cassis. "We have drawn up an optimised offer …

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