Trump tariffs: 95% of Swiss SMEs don’t plan to move to US
A survey carried out among the 1,350 SMEs affiliated to the Swissmechanic association found that only 65 are considering relocating their production processes to the US.
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Listening: Trump tariffs: 95% of Swiss SMEs don’t plan to move to US
According to a survey, 95% of small and medium-sized industrial companies (SMEs) in Switzerland are not planning to relocate to the United States in the near future.
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95 Prozent der Schweizer KMU planen keinen Umzug in USA
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A survey carried out among the 1,350 SMEs affiliated to the Swissmechanic association found that only 65 are considering relocating their production processes to the US.
The US nonetheless represents an important export market for half of all the companies surveyed, and accounts for up to a quarter of their turnover.
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Trump tariff shock: how Switzerland is positioning itself
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Swiss companies, politicians and workers are scrambling to work out the true cost of punitive US tariffs.
In general, most of the SMEs are suppliers. “For them, relocating production to the US would be complex, as they do not primarily export directly to the US,” the association said on Tuesday.
According to the association, a move away from the Alpine nation would mean a loss of expertise and quality for Switzerland as an industrial centre.
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A third of Swiss industrial companies on short-time work
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Employees at many Swiss SMEs are currently working shortened hours, including a third of manufacturing firms.
Swissmechanic represents small and medium-sized businesses in the mechanical, electrical and metal industry, with a total of over 65,000 employees and an annual turnover of around CHF15 billion.
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Translated from German by DeepL/sb
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