Swiss Pres. Keller is speaking after the US imposed a 39% tariff on Switzerland imports:The
- The government disappointed by US tariff imposed on country.
- Previous talks had been very constructive, 39% tariff is much higher than what was negotiated.
- US tariffs will have very bad effect on Swiss economy.
- Although pharmaceuticals not affected, US tariffs are very bad for Swiss machinery watch sectors.
- Swiss government staying in touch with US side, has already made contact.
- Switzerland already has no industrial tariffs, and has pledged investment in the US.
- Very difficult for Switzerland to offer more concessions to the US.
This article was written by Greg Michalowski at investinglive.com.
