Tariffs: Switzerland is now on equal footing with EU/EFTA states, says economiesuisse

The Swiss business federation economiesuisse has welcomed the trade agreement between Switzerland and the United States, which it says now puts the country on an equal footing with European Union and European Free Trade Area (EFTA) states. +Get the most important news from Switzerland in your inbox Economiesuisse stressed that the 39% tariffs have not only seriously weakened the competitiveness of Swiss companies on the US market, but have also put jobs under pressure and even threatened the existence of some companies. "That said, the 15% US tariffs also remain a burden for Swiss exporters," economiesuisse said. Even with the new agreement, the problems facing Switzerland as a business location are far from being resolved, the country's leading business federation added. In addition to the US tariffs, the sluggish economy in other key markets and geopolitical tensions are also weighing on the Swiss economy. "Switzerland must therefore enhance its attractiveness if it is to remain ...