Advertisement
ZURICH : Swiss tech companies are facing a serious setback from trade tariffs imposed by the United States on Switzerland, industry association Swissmem said on Thursday.
“The new tariffs are a severe blow to companies in the Swiss tech industry, which are in a difficult situation after many months of declining sales,” Swissmem said in a statement.
Advertisement
U.S. President Donald Trump on Wednesday imposed a 31 per cent tariff on imports from Switzerland compared with 20 per cent on goods from the European Union and 10 per cent from Britain.
(Except for the headline, this story has not been edited by PostX News and is published from a syndicated feed.)
