;

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Headlines > Swiss tech faces severe blow from Trump tariffs, industry group says

Headlines

Swiss tech faces severe blow from Trump tariffs, industry group says

Published by Global Banking and Finance Review

Posted on April 3, 2025

Featured image for article about Headlines

ZURICH (Reuters) - Swiss tech companies are facing a serious setback from trade tariffs imposed by the United States on Switzerland, industry association Swissmem said on Thursday.

"The new tariffs are a severe blow to companies in the Swiss tech industry, which are in a difficult situation after many months of declining sales," Swissmem said in a statement.

U.S. President Donald Trump on Wednesday imposed a 31% tariff on imports from Switzerland compared with 20% on goods from the European Union and 10% from Britain.

(Reporting by Dave Graham, Editing by Friederike Heine)

More from Headlines

Explore more articles in the Headlines category

European drone wall, other 'flagship' defence projects at risk in EU power struggle

Jimmy Lai remains beacon of Hong Kong press freedom, say ex-colleagues awaiting his sentencing

US eases sanctions on three Belarus potash companies after prisoner release

ICC rejects Israeli bid to halt Gaza war investigation

UK watchdog Ofqual fines Pearson 2 million pound for standards breaches

EU's Kallas: China is increasingly weaponizing economic ties for political gains

Romania's government survives no-confidence vote over reform plans

French senators approve 2026 budget bill ministers say will worsen fiscal deficit

Nobel laureate Machado injured as she fled Venezuela, spokesperson says

Russian opposition party that wants Ukraine ceasefire vows to keep campaigning despite crackdown

Cricket-Stokes issues Ashes rallying cry for England players

Russian court rules in favour of Rusal in $1.32 billion lawsuit against Rio Tinto

View All Headlines Posts