Trump Announces 39% Tariff on Imports From Switzerland
Bloomberg Televisionยท2025-08-01 09:09
Why has Switzerland been hit so hard. So this came as a complete surprise to the Swiss. The reason for this is Switzerland's great huge surplus with the US.If you ranked the US trade deficits with other countries, the Switzerland ranks number 12. It's a $38 billion. So that obviously is a big number and that's mostly due to pharma.We know that pharma is one of the things that Trump targets. And Switzerland's just got the short end of the stick here. So what has been the response of the Swiss government. The ...