US imposes 12.5% tariffs on Switzerland as broader trade crackdown deepens

Washington extends its tariff regime to 60 nations, including Switzerland, signaling that the trade offensive is widening beyond initial targets and raising risks for global supply chains.

By Handelsavisen Newsroom · Automated 2026-07-24 08:23 UTC · 1 min read

The United States has imposed new import tariffs of 12.5% on goods from Switzerland, marking a significant expansion of its trade restrictions.

The measure, announced by President Donald Trump, applies to 60 countries in total and takes effect immediately, replacing previous duties that had expired.

5% rate threatens to erode margins for Swiss manufacturers, particularly in precision engineering, pharmaceuticals, and luxury goods.

This move signals a broadening of the US trade offensive, targeting economies that were previously exempt or subject to lower rates.

The immediate impact is a heightened risk premium for Swiss exporters and multinational corporations with significant exposure to the US market.

While specific sectoral breakdowns are still emerging, the flat 12.5% rate threatens to erode margins for Swiss manufacturers, particularly in precision engineering, pharmaceuticals, and luxury goods.

Markets are likely to reassess the earnings outlook for companies with high US revenue concentration, potentially leading to volatility in Swiss equities.