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.
Switzerland, home to some of the world’s best-known luxury brands, was left stunned after the US president on Friday imposed one of the highest tariff rates in his global trade reset. Industry associations said tens of thousands of jobs were at risk.
