‘We will manage to avoid 39% tariffs’, says Swiss-US business leader:
Swiss-American Chamber of Commerce CEO expects a deal to avert 39% US tariffs on Swiss ...
swissinfo.ch/eng/foreign-affairs/we-will-manage-to-avoid-39-tariffs-says-swiss-us-business-leader/89779678
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Switzerland-US Trade Talks Aim to Prevent TariffsThe US plans 39% tariffs on Swiss goods from August 7, but negotiations may still reduce or delay the fees.
Key FactsAug 4, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: swissinfo.ch
Summary created with AI assistance · Source: swissinfo.ch
- The United States intends to impose 39% tariffs on Swiss imports starting August 7, surprising many stakeholders.
- Rahul Sahgal, CEO of the Swiss-American Chamber of Commerce, remains hopeful a deal can avoid these tariffs.
- US President Trump cites a $40 billion trade deficit with Switzerland to justify the high tariff announcement.
- Sahgal highlights disparities in trade deficit focus, noting larger deficits with partners like the EU and Japan.
Even if every Swiss person drank a bottle of bourbon a day, ate a steak and bought a Harley-Davidson, the trade deficit would not change significantly.— Rahul Sahgal, CEO of the Swiss-American Chamber of Commerce, comments on the trade relations between Switzerland and the US in the context of the upcoming tariffs.
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Aug 13, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: swissinfo.ch
Summary created with AI assistance · Source: swissinfo.ch
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