Headlines
Switzerland moves to strengthen its competitiveness after US tariffs
Published by Global Banking & Finance Review®
Posted on August 20, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 20, 2025
1 min readLast updated: January 22, 2026
Switzerland strengthens its business appeal after US tariffs, focusing on regulatory relief and market diversification to mitigate impacts.
ZURICH (Reuters) -Switzerland is intensifying efforts to strengthen its attractiveness as a business location, its government said on Wednesday, after being hit with some of the highest U.S. tariffs worldwide.
Efforts will focus on regulatory relief for Swiss companies, and new rules incurring high costs for businesses could be pushed back, the government said in a statement.
U.S. President Donald Trump this month imposed U.S. import tariffs of 39% on Swiss goods, though pharmaceuticals and some other sectors have so far been spared the duties.
"(The government) wants to decisively press ahead with its economic policy agenda and is focusing on reducing the regulatory burden on companies," the government said.
Geographical diversification and Swiss companies' access to alternative international markets should also be strengthened, the statement said.
The new U.S. levies currently affect around 10% of Swiss goods exports, and could have potentially severe consequences for some companies, the government said.
Switzerland does not anticipate a recession akin to the global financial crisis or the pandemic, it added.
(Reporting by Ariane LuthiEditing by Dave Graham)
Switzerland is focusing on regulatory relief for companies and may delay new rules that incur high costs for businesses.
The new U.S. tariffs currently impact around 10% of Swiss goods exports, which could have severe consequences for some companies.
Pharmaceuticals and some other sectors have so far been spared from the new U.S. import tariffs imposed on Swiss goods.
Switzerland does not anticipate a recession similar to the global financial crisis or the pandemic despite the new tariffs.
The government aims to decisively advance its economic policy agenda by reducing the regulatory burden on companies and enhancing access to alternative international markets.
Explore more articles in the Headlines category
