Why Are Tariffs on Switzerland So High? | How Switzerland’s Tariff Drama Swung From Hope to Des…

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Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why

Switzerland is facing what some have described as a "triple blow" of economic problems, as 39% tariffs on goods it exports to the U.S. come into effect.

The punitive duties took hold in the early hours of Thursday morning, after a Swiss delegation led by the country's president left Washington, DC, a day earlier without securing a last-minute trade deal.

The announcement of the 39% tariff rate, one of the highest in U.S. President Donald Trump's latest flurry of new duties, came as a surprise to the European country as a trade agreement had seemingly been imminent.

However, Trump told CNBC on Tuesday that Swiss President Karin Keller-Sutter "didn't want to listen" to his concerns about the U.S. trade deficit with Switzerland. Following the announcement of the 39% tariff rate, the Swiss government said Switzerland had maintained a "very constructive stance from the outset" during "intensive" talks.

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