RUETLI (Switzerland): The Swiss government is disappointed by the U.S. tariffs imposed on Switzerland, President Karin Keller-Sutter told Reuters on Friday, with the 39% figure much higher than expected.
“The Federal Council is disappointed,“ Keller-Sutter told Reuters on the sidelines of a Swiss national day event in Ruetli. “It is a pity that there is a tariff that is much higher than what we negotiated.”
Although the pharmaceuticals sector was not included in the tariffs, the increased duties would have a “very bad” effect on the Swiss economy, she said.
The government has already been in touch with Washington to find a solution, she added. - Reuters
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