Friday 28 March 2025 07:18 GMT

Trade Conflict: How Swiss Companies Are Preparing For Trump Tariffs


(MENAFN- Swissinfo) Switzerland has so far been spared tariff threats from the new US President Donald Trump. Nevertheless, Swiss companies are taking precautions. While some fear additional costs, others are hoping for extra business. This content was published on March 24, 2025 - 13:25 6 minutes Keystone-SDA

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The machine industry umbrella organization Swissmem sounded the alarm at the end of February:“Weeks of uncertainty often pass between the announcement of tariffs and their entry into force, which is demoralising,” said Swissmem President Martin Hirzel.

Many company bosses confirmed this at their annual media conferences held in recent weeks. They read the constantly changing headlines about newly imposed or threatened tariffs with concern.

“There is virtually no planning certainty,” said Jahangir Doongaji, head of construction equipment manufacturer Hilti. It remains to be seen what these tariffs will mean for the global economy and therefore also for investment in the construction industry.

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