A spokesperson for the Swiss Federal Council writes on the platform X that they will discuss the effect of the tariffs and that there will be more statements after the meeting to be held early afternoon. Earlier in the week, the President of Switzerland Karin Keller-Sutter traveled to the USA but had to return home without any tariff agreement.
The Swiss technology industry organization Swissmem describes the tariffs as a "horror scenario".
"If this dreadful tariff burden continues, the Swiss technology industry's export business to the USA will in practice be dead - especially considering significantly lower tariffs for competitors from the EU and Japan", the organization writes on the platform X.
The Swiss stock exchange takes the tariff day calmly and rises 0.8 percent.
