Switzerland Confronts Challenges of U.S. Tariffs and Trade Routes

Switzerland warns its companies they cannot bypass U.S. tariffs by routing goods through Liechtenstein, despite a customs treaty and the small principality's lower tariffs, as U.S. rules consider the origin of products. The U.S. has recently imposed a 40% penalty on transshipments to prevent such circumventions, affecting Swiss and Liechtenstein trade, with potential impacts on U.S. consumers and global supply chains.