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The Independent UK
The Independent UK
World
Stefanie Dazio

Switzerland, the land of luxury brands, could see prices skyrocket from Trump's 39% tariffs

Donald Trump Switzerland Luxury United States Karin KellerSutter
Switzerland US Tariffs - (' KEYSTONE / URS FLUEELER)

Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of U.S. President Donald Trump’s trade war.

Switzerland, home to some the world's most recognizable luxury brands, now faces an upcoming 39% tariff from the U.S. Industry groups on Friday warned that both Swiss companies and American consumers could pay the price.

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