On April 2nd, 2025, US President Donald Trump announced new tariffs on various countries, framing it as a liberation of American industry. He presented a list of countries and alleged tariffs they impose on US goods, justifying reciprocal tariffs, notably a 31% tariff on Swiss exports.
Trump's claims lack transparency and verifiable data sources. The claimed 61% tariff from Switzerland is disputed, considering Switzerland abolished tariffs on industrial goods in 2024. The data's lack of clarity and methodology raises concerns.
Switzerland acknowledged the decision and stated it would determine further actions prioritizing national economic interests. Domestically, critics warned of negative consequences for US consumers, potentially triggering a recession and straining relationships with allies.
The immediate market reaction was negative, with the Nasdaq falling significantly. The long-term impact remains uncertain, with concerns about escalating trade wars and protectionism. The situation highlights the unpredictable nature of Trump's economic policies and their global ramifications.