Trump slaps 31% tariff on Swiss goods

Trump announces tariffs of 31 per cent on Swiss products Keystone-SDA

United States President Donald Trump has announced tariffs of 31% on imported goods from Switzerland.

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These are a reaction to the 61% tariffs that the US says Switzerland imposes on American products.

+ How Swiss companies are preparing for Trump tariffs

This was shown in a table presented by Trump during an eagerly awaited speech in the White House Rose Garden.

According to Trump, imports from the European Union will be subject to a 20% surcharge, while those from China will even be subject to a 34% tariff. Trump imposed 10% as the “minimum rate” for other countries.

Trump accused even close trading partners of having “plundered and raped” the US with their tariff policy. Following his speech, the President said he would sign a decree in favour of the so-called reciprocal tariffs.

The motto of the speech was “Make America Wealthy Again”. The US dollar fell against the euro during his speech.

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Translated from German with DeepL/mga

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