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International Business Times

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Swiss Economy Set To Slow Due To US Tariffs

Donald Trump Economy United States SECO Switzerland

Trump blindsided Switzerland when he announced that incoming Swiss goods would be hit with a huge 39-percent tariff on August 1 (Credit: AFP)

The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.

Trump blindsided Switzerland when he announced that incoming Swiss goods would be hit with a huge 39-percent tariff on August 1, one the highest new levies he imposed on dozens of countries.

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