US imposes 39 percent tariff on Swiss imports, impacting economy

Aug 1, 2025, 1:08:01 PM UTC(1 day ago)

Impact: Medium

SWISS PRESIDENT KELLER-SUTTER: U.S. TARIFFS WILL HAVE VERY BAD EFFECT ON SWISS ECONOMY

The United States has imposed a 39 percent tariff on goods imported from Switzerland, effective August 7, 2025, if a trade deal is not reached.
This tariff rate is among the highest imposed by the US on any country.
Swiss products affected include pharmaceuticals, precision instruments, and luxury watches.
Swiss President Karin Keller-Sutter has engaged in discussions with US officials, but no agreement has been reached.
The Swiss franc dropped 0.4 percent against the dollar and the euro, and shares of Watches of Switzerland tumbled over 6 percent.

Affected Tickers

WOSG(UNKNOWN)UHR.SW(UNKNOWN)NVS(STOCK_US)