White House Increases Tariffs on Swiss goods to 39%
The White House announced a significant increase in tariffs on goods imported from Switzerland, raising the rate to 39%.This decision, revealed following “Liberation Day” in April 2025, exceeds initial expectations of a 31% tariff.
Currently, key Swiss exports to the United States – pharmaceuticals and gold – are exempt from these new tariffs. Consequently, the average tariff on all Swiss goods entering the U.S.will be approximately 12%.
While the exemptions offer some relief, hundreds of Swiss industrial companies face considerable challenges.Businesses specializing in machine tools, watchmaking, and medical equipment, heavily reliant on U.S. exports, will experience significant consequences from these increased customs barriers. This impact is especially concerning as these sectors continue to recover from the effects of the COVID-19 pandemic.
Christophe Reymond, representing Swiss industry, expressed concern over the tariffs. He stated that while the exemptions are appreciated, the overall impact will be detrimental to Swiss businesses and their ability to compete in the U.S. market.Reymond emphasized the need for ongoing dialogue with the U.S. management to mitigate the negative effects.
Analysts suggest that the long-term effects of this American trade policy on Swiss companies remain uncertain. the hope is that the overall damage will be limited, but the increased tariffs present a considerable obstacle to Swiss economic growth.
Global trade relations have been increasingly strained in recent years, with protectionist measures becoming more common. The U.S. has been actively re-evaluating its trade agreements and imposing tariffs on various countries, citing concerns about trade imbalances and national security.This trend reflects a broader shift towards economic nationalism and a desire to protect domestic industries.
Frequently Asked Questions
What is the new tariff rate on Swiss goods?
The White House has increased tariffs on goods entering the United States from Switzerland to 39%.
Are all swiss exports subject to the new tariffs?
No, pharmaceutical and gold products, which are major Swiss exports, are currently exempt from the tariffs.
What is the average tariff rate after exemptions?
After accounting for the exemptions, the average tariff on all Swiss goods will be around 12%.
Which Swiss industries will be most affected?
Industries such as machine tools, watchmaking, and medical equipment manufacturing, which heavily rely on exports to the U.S., will be considerably impacted.
What is Christophe Reymond’s position on the tariffs?
christophe Reymond has voiced concerns about the tariffs, acknowledging the exemptions but emphasizing the overall detrimental impact on Swiss businesses.
