Trump hits Switzerland hit with 31% tariffs

Just about every American hardware company (i.e. Apple, MS, Dell, HP, Kingston, etc..) is producing electronics in China, Vietnam, Indonesia, Taiwan, Thailand, Philippines etc.. Nothing like a lobby!

Controversy served:

Overall, two-thirds of respondents stated that they do not want to buy the F-35 fighter jets at all or rather no longer want to buy them. This is according to an online survey of 35,132 people published on Sunday (13.04.2025) by the survey research institute Leewas. It was conducted prior to US President Donald Trump’s tariff decision.

The strategy of EU is evil & US is a friend worked well for several years. Wondering what’s happening now at Switzerland’s leadership.

Meanwhile, CHF/USD rate at nearly historic highs. Only point higher was during the Great Recession.

Where did you get that from, I can’t see it in the link?

And which strategy/strategy on what of the EU is evil??

My own interpretation of the negotiation of Bilateral agreements between CH and EU.

Until recently, there were news from Swiss politicians to revive the discussions for a free trade agreement between USA and Switzerland. People were remembering Trump’s first term

If I remember well, no Swiss politician is calling for a full FTA with the EU. It’s only the Bilaterals (free-trade of industrial products) and God saves us from cheap EU food, medicine, cars, etc.

Wow that is a very free interpretation and doesn’t sound like intensive research.
Was it you who (rightly in my mind) called this forum more like the pub down the road? Well, that interpretation is definitely a line one would hear at a Stammtisch (regular’s table).

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You mean we are saved from Lidl, Aldi, Rossman, Muller, Audi, VW, Skoda, Porsche, Fiat and Renault?

Compare prices here and north of the Swiss border :wink: Cars pay 4% for the tax of being imported into Swiss territory. So, no free trade.

Where does one have free trade? On the black market?
Besides an SUV costs more in DE than is CH.

That’s a nonsensical pipe dream. The US have a long and rich history of ignoring trade agreements and regulations when it suits them, and forcing their demands on other countries. That’s why they effectively made the WTO unable to render verdicts.

Switzerland would have zero leverage against any kind of breaches, all it could do would be another phonecall by KKS - if the POTUS would even take it.

Take it a sentiment check for Swiss business.

The six-monthly CFO Survey by the audit and consulting company Deloitte paints a picture of extremes: Whereas Swiss CFOs were still fairly upbeat in March, the mood swiftly turned sour after the US announced its tariff measures on 2 April. This upending of international trade policy prompted Deloitte to conduct its survey in two waves for the first time ever (first wave: 27 February to 21 March; second wave: 7 to 14 April).

The findings indicate that Switzerland’s economic prospects have dimmed dramatically, with the fall of 84 percentage points recorded between the March and April surveys constituting one of the biggest slumps since the study was first conducted in 2009. Only 15 per cent of the CFOs surveyed are anticipating positive developments; 58 per cent expect them to be negative or highly negative (compared to 61 per cent positive and 6 per cent negative in autumn 2024).

However, expectations for economic growth are not only low for Switzerland but also with regard to its three main trading partners. For Germany, 81 per cent are anticipating negative or highly negative developments; a mere 6 per cent have a positive outlook. China seems to be faring slightly better, with 64 per cent forecasting negative developments there and 13 per cent positive ones. The outlook for the US economy is the grimmest of all the four countries covered in the survey: 89 per cent of CFOs surveyed expect the US economy to take a downturn and are anticipating a recession in the country. Only 2 per cent have a positive outlook.

This is my first yeat at my job without a yearly bonus. I guess I should be happy after selling something to stay afloat for the next 18 months.

what do you mean selling something, is that within your job or outside of it?

selling services, within my current job :slight_smile:

Trying not to giggle, but I’m weak…

Swiss State Secretary to Admire Musk’s Rocket in Florida

Switzerland is launching a charm offensive in the US next week: In addition to Federal Council members Keller-Sutter and Parmelin, three State Secretaries and a Special Envoy will fly across the Atlantic.

And, something is lost in cross-cultural communication. Prez Trump fantasizes with coal miners while Guy Parmelin will try to impress with the Swiss education system…

Martina Hirayama’s case is a special one. Her trip to the US has been planned well in advance: She is scheduled to watch the launch of a rocket from Florida by Elon Musk, who is currently serving as an advisor to the Trump administration.

The rocket launch is scheduled for Monday. Musk’s Falcon 9 will transport several tons of research materials to the International Space Station (ISS). On board will be an atomic clock developed in Switzerland on behalf of the space agencies NASA and ESA. Hirayama will meet with officials from the US space agency NASA at the event.

She will try to arrange a meeting between Federal Councilor Parmelin, who is responsible for education in Switzerland, and US Secretary of Education Linda McMahon, according to sources within the Federal Council.

McMahon is one of the illustrious figures in Trump’s cabinet; she previously organized wrestling matches. A possible meeting with Parmelin next week would likely focus on more than just tariffs. The Swiss plan, among other things, is to familiarize the Trump administration with the dual education system and offer their expertise in this area. And the Americans could also be impressed upon the importance of Swiss investment in the US, especially since knowledge is always imported.

Don¨t get it. The US already has a dual education system

More effective would be to attend the Easter Monday egg rolling event.

They can even bring the eggs!

Oh dear!
I was weak too.

Let them get out of there unscathed and let Permelin surprise me. Please.
I personally don’t think they should go there at all.

hmmmm, there’s a thought. A plane full of eggs (free-range :grinning_face_with_smiling_eyes:) could help.

The mention of Education Secretary McMahon gives me an excuse to share again the picture of her addressing somepne’s family jewels

and like the last time I don’t get why this is interesting?

Time to look at history. Notice the difference between post-WW1 (1918-1928) and post WW2 (1945-1955)?

Historians have called the 1870-1914 period the 1st wave of Golden Age of Globalization. But, WW1 came and Swiss investments abroad got burned in the WW1 aftermath. Lessons were learned, prudent management and an inward-looking perspective minimized loses in the WW2 aftermath.

Fast forward to year 2025 and we read that Swiss companies are willing to invest abroad in a country where the President does not respect the autonomy of the central bank and has a thing for “American companies”, almost like a rancid communist leader.

Hope higher management is carefully studying the possibility of tariffs as a trap. Once those investments are made, it’s very easy for US gov to nationalize said business.

So, time to invest or divest?

THIS! It’s been on my mind for weeks now.
I really don’t think companies should do this now. It is not only the money for factories etc. They need to educate the people, it will take years. And - should Trump manage to reach his goal and stay on - it will all become state owned.

Not sure about invest or divest. For the moment I think I will just leave my investments as they are.