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
Swiss Tech Industry Faces Challenges from US Tariffs
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)
