Swiss president under fire after Trump call leads to US tariffs shock | Trump tariffs

The Swiss Stock Exchange has fallen, the cabinet is organizing urgent talks, and President Keller-Sutter is accused of making a vital phone call with the White House after Donald Trump was shot with a 39% export tariff.

Switzerland, which hosts some of the world’s most well -known luxury brands, was stunned after imposing one of the highest tariff rates in global trade reset on Friday. Industrial associations warned that tens of thousands of work is at risk.

After three -month talks, local media believed that negotiators provided a 10% tariff for export to the United States, an important market for Swiss products such as luxury clocks, jewels and chocolate.

However, after a 30-minute call with Keller-Sutter on Thursday evening, Trump, who was defined as “malignant”, “disaster” and “badly evaluated ,, imposed a higher tax on the so-called salvation day in April.

Switzerland’s Blue-Chip Stock Exchange Index opened 1.8% lower on Monday, the first day of the process since the tariff announcement of the Swiss National Day. The cabinet would be gathered later to discuss the next steps.

Swiss officials, the country’s rotating system under the finance minister and current president Trump and Keller-Sutter because of the call between 39% reported. “Call was not successful,” a source of government said.

“There was no good result for Switzerland, but there was no fight. Trump clearly stated that he had a completely different perspective from the beginning and that 10% tariffs were not enough,” he said.

The Swiss media was less forgiving. “Faced with Trump, the Keller-Sutter was absolutely so naive” Title on the tableid spearduring 24 Heures said Its “masterpiece ında concluded as the“ the most severe defeat of his political career ..

He said that the rate would have a great impact on Switzerland’s export -oriented economy and may lead to a stagnation, and that Hans Gersbach, an economist at Eth Zurich University, could create a stagnation, especially when non -incorporated drugs are included.

Swiss companies, which constitute approximately six of the total foreign sales to the United States, faced one of the most steep US duties, Laos, Myanmar and Syria had a higher figures of 40-41%. The EU and the UK negotiated 15% and 10% respectively.

Business Minister Guy Parmelin told the RTS Public Radio on Monday that the government said, “What it was, the US President should fully understand why he made this decision.

Parmelin said that Bern would move quickly until August 7, when the tariffs will come into force, to review his offer and say that he would “hope to achieve something”. He and the Keller-Sutter were ready to travel to Washington for further interviews if necessary.

Business Minister said Trump focused on Switzerland, which was 38.5 billion SFR last year, and the US trade deficit. The country, as the EU does, can offer more US natural gas, or Swiss companies can invest more in the US, he said.

In a statement on Friday, Keller-Sutter had limited concessions that Bern would continue to talk to Washington, but that US imports already enjoyed 99.3% free market access and that more than one Swiss company had invested in the United States.

Analysts, tariffs can change at any time due to the unpredictability of Trump administration, some of the basic cases at the end of Switzerland at the end of the EU will result in a proportion of a proportion.