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Switzerland Hit With 39% Tariff Rate by Trump
Posted
August 1, 2025
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August 1, 2025
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1:15Now PlayingDonald Trump will impose a 39% tariff on imports from Switzerland, one of the steepest levies globally which threaten to leave the country’s key exports reeling.
The outcome — detailed in an executive order Thursday — is higher than the 31% tariff rate Trump had threatened to levy in April and dashes hopes that the country would secure a more favorable deal.
The Swiss government expressed its “great regret,” pointing out that the new tariff rate differs “significantly” from a draft framework the countries had been negotiating.
Bern’s trade negotiators were caught unawares by the announcement since they had received encouraging signals from several senior US officials, according to a person familiar with their thinking. They plan to continue negotiating with the US and they still hope to agree to lower levies, the person added.
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