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2025-09-18 17:58:39
[39% high tariffs hit Switzerland hard, and Swiss exports to the US plummeted] ⑴ Official data show that in August when Trump's tariff remarks came into effect, Switzerland's exports of goods to the United States fell sharply by more than one-fifth. ⑵ Specifically, Switzerland's exports to the United States fell to 3.1 billion Swiss francs in August, a 22.1% drop from nearly 4 billion Swiss francs in July. ⑶ The decline in this data has brought Switzerland's exports to the United States to the lowest level since the end of 2020, and does not include precious metals, gemstones, artworks and antiques. ⑷ The high tariff remarks only exempted some goods such as medicines, which had an impact on export-oriented Swiss companies. ⑸ Data show that although exports to the United States have fallen sharply, Switzerland's exports to EU countries and Canada have increased, partially offsetting the decline in exports to the United States. ⑹ Germany surpassed the United States in August to become the largest export market for Swiss goods.
