Swiss business lobby group reacts to US-EU trade deal
Select your language
Generated with artificial intelligence.
Listening:
Swiss business lobby group reacts to US-EU trade deal
Swiss business association Economiesuisse considers the agreement between the European Union (EU) and the United States on tariffs to be a damage limitation agreement. It is certainly not good, but it is clearly better than it would have been without the agreement, according to the trade association.
+Get the most important news from Switzerland in your inbox
The EU, the main trading partner of the Swiss economy, now has at least some legal security, economiesuisse’s Jan Atteslander told Swiss Public Radio SRF on Monday. In principle, this is good news for Switzerland, but 15% is a very high customs duty that holds back trade dynamics, he added.
Switzerland and its companies are indirectly affected by this restraining effect, as they are part of the value creation chain. “If a 15% increase is now applied, this will naturally dampen American demand,” Atteslander explained.
For its part, Bern is still waiting for an agreement with the US. US President Donald Trump has announced higher customs duties as of August 1 on imports from several countries, including Switzerland, if no agreement is reached with the respective governments by then.
What is your opinion? Join the debate:
External Content
Translated from Italian by DeepL/jdp
We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.
Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
If you have any questions about how we work, write to us at english@swissinfo.ch
More
A Geneva-based global health foundation came close to ‘collapse’. Where were regulators?
More
Will Switzerland finally do away with imputed rental-value tax on homeowners?
More
King Albert I: the mountaineering monarch
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Can Saudi Arabia’s billions unlock the secrets to a longer, healthier life?
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.