{"id":1931,"date":"2025-08-04T18:34:23","date_gmt":"2025-08-04T18:34:23","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/08\/04\/switzerland-eyes-more-attractive-offer-for-donald-trump-after-being-slapped-with-39-tariffs-world-news\/"},"modified":"2025-08-04T18:34:23","modified_gmt":"2025-08-04T18:34:23","slug":"switzerland-eyes-more-attractive-offer-for-donald-trump-after-being-slapped-with-39-tariffs-world-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/04\/switzerland-eyes-more-attractive-offer-for-donald-trump-after-being-slapped-with-39-tariffs-world-news\/","title":{"rendered":"Switzerland Eyes ‘More Attractive’ Offer For Donald Trump After Being Slapped With 39% Tariffs | World News"},"content":{"rendered":"


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Switzerland is facing 39% US tariffs on its products, the fourth-highest amount of duties after Brazil, Syria, Myanmar and Laos.<\/h2>\n
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US President Donald Trump at the Oval Office. (Reuters Image)<\/p>\n<\/figure>\n

Switzerland says it is prepared to make a better offer for US President Donald Trump after being slapped with a whopping 39% tariffs that have shocked the country, causing ripples in the Swiss stock market.<\/p>\n

The stock market tumbled by over 2% when it opened on Monday before paring its losses later in the day, ending the day down just 0.15%, after Trump announced one of the highest tariffs on the Alpine country among dozens of economies.<\/p>\n

The new tariffs are expected to come into force from Thursday (June 7). Switzerland is facing the fourth-highest amount of tariffs after Brazil, Syria, Myanmar and Laos. Brazil is facing a 50% tariff on its products, Syria 41% and Myanmar and Laos have been slapped with 40% each.<\/p>\n

Trump had originally threatened in April to slap a 31% tariff on Switzerland, which swiftly decided to negotiate with the United States. Swiss President Karin Keller-Sutter has said Trump believes that Switzerland \u201csteals” from the US by enjoying a trade surplus of 40 billion Swiss francs ($50 billion).<\/p>\n

Switzerland To Continue Talks<\/strong><\/h2>\n

After an emergency meeting on Monday, the Swiss Federal Council said it would \u201ccontinue negotiations with the aim of reaching a trade deal”, even beyond the Thursday deadline.<\/p>\n

\u201cSwitzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation,” the council said in a statement, adding that it was at a distinct disadvantage as compared to other trading partners with similar economic profiles.<\/p>\n

Hans Gersbach, deputy head of the KOF Swiss Economic Institute, said the tariffs could cut the country\u2019s annual growth by between 0.3 and 0.6%. It could further rise if Trump targets the pharmaceutical industry, which has so far been exempt from tariffs.<\/p>\n

Analysts at Swiss investment managers Vontobel said in a note that they believed \u201cthere is some hope for an agreement on US tariffs for Switzerland” that would bring them down to the 15% set for other countries.<\/p>\n

The chocolate industry association, Chocosuisse, said the tariffs were a \u201ctough blow” for the sector, which is already reeling from a 10% duty. \u201cIt is particularly shocking that Switzerland finds itself at a distinct disadvantage compared to all other Western industrialised countries,” it said in a statement.<\/p>\n

Trump\u2019s Tariffs<\/strong><\/h2>\n

Trump has imposed tariffs on several economies, including 25% levies on Indian goods, that have injected a fresh dose of uncertainty for consumers and businesses worldwide. The legality of these tariffs are also under question as a US appeals court last week heard that Trump had exceeded his authority by declaring an \u201cemergency” to charge the tariffs.<\/p>\n

Critics have argued that Trump\u2019s aggressive trade policy could gradually erode America\u2019s power and prosperity and may lead to recession, a concern that initially led to Trump imposing a 90-day negotiating period with countries.<\/p>\n

US Trade Representative Jamieson Greer warned on Sunday that \u201cthe coming days” were not likely to see changes in any duties as the \u201ctariff rates are pretty much set”.<\/p>\n

(with AFP inputs)<\/em><\/p>\n

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Aveek Banerjee<\/a><\/p>\n

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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