Switzerland Faces High U.S. Tariffs, Seeks Negotiation

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Source: Reuters
Switzerland Faces High U.S. Tariffs, Seeks Negotiation
Photo: Reuters
TL;DR Summary

The US announced a 39% tariff on Swiss imports, mainly affecting exports like watches, jewelry, and chocolates, causing concern in Switzerland about significant job losses and economic impact. Swiss officials are seeking negotiations, especially as pharmaceuticals are temporarily spared from the tariffs, but the situation remains tense with ongoing talks to reach a potential deal.

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