The Guardian (August 4)
2025/ 08/ 06 by jd in Global News
“The Swiss stock market has plunged, the cabinet has held crisis talks and the country’s president, Karin Keller-Sutter, has been accused of mishandling a vital phone call with the White House after Donald Trump hit the country with a shock 39% export tariff.” Roughly one-sixth of Switzerland’s exports go to the U.S. and prior to the phone call “negotiators believed they had secured a 10% tariff on exports.” Instead, Switzerland now confronts “one of the steepest US duties – only Laos, Myanmar and Syria had higher figures, at 40-41%.”
Tags: 10%, 39%, Cabinet, Crisis talks, Exports, Keller-Sutter, Laos, Myanmar, Negotiators, Phone call, Plunged, Shock, Stock market, Swiss, Tariff, Trump
