Swiss SME Sentiment Remains Stable Despite Steep US Tariffs

2025-09-11 02:14:29

(MENAFN- Swissinfo) Despite the high US tariffs, the mood among Swiss SMEs has hardly deteriorated. However, two thirds of export-oriented companies have now adjusted their export strategy, with one in ten even questioning it as a whole. This content was published on September 11, 2025 - 10:45 3 minutes Keystone-SDA

Deutsch de Trotz US-Zollhammer: Stimmung der Schweizer KMU bleibt stabil Original Read more: Trotz US-Zollhammer: Stimmung der Schweizer KMU bleibt stabi

The mood among small and medium-sized enterprises (SMEs) in Switzerland is stable despite the high US tariffs, according to the study“Raiffeisen Economic Pulse: The Voice of SMEs” published on Thursday. For example, the assessment of the current economic situation has not changed. There was also hardly any deterioration among export-focused companies.

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“This confidence is astonishing in view of the challenging situation,” Philippe Obrist, Head of Corporate Clients at Raiffeisen Switzerland, is quoted as saying in the press release. Over the years, companies have learnt to deal with upheavals such as the US tariffs, he concludes.

As part of the Raiffeisen study, 500 companies with 10 to 249 employees were surveyed before and after the August tariff announcements by American President Donald Trump.

Diversification in foreign business

According to the survey, SMEs had already started to move away from the US immediately after the first tariff announcement in April. According to the survey, two-thirds of SMEs operating abroad had already adjusted their export strategy by July.

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