financetom
Economy
financetom
/
Economy
/
Swiss exports to US drop over a fifth after Trump tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Swiss exports to US drop over a fifth after Trump tariffs
Sep 18, 2025 3:17 AM

ZURICH, Sept 18 (Reuters) - Swiss goods exports to the

United States dropped by more than a fifth in August, the month

in which President Donald Trump imposed 39% tariffs on the

country, official data showed on Thursday.

When adjusted for seasonal swings, total Swiss exports were

down 1% compared to the previous month in nominal terms, and up

2.4% in real terms, according to the Swiss government.

Trump applied the tariffs on August 7, arguing they were

justified by the U.S. trade deficit with Switzerland. Certain

goods such as pharmaceutical products and gold were exempt.

The United States has been Switzerland's largest single

foreign market for goods, and Trump's tariffs caused shock and

dismay among the country's export-oriented companies.

Exports to the U.S. dipped in August by 22.1% to 3.1 billion

Swiss francs ($3.9 billion) from almost 4 billion francs in

July. The data exclude precious metals and stones, works of art

and antiques. The decline took exports to the U.S. to their

lowest level since the end of 2020, the government said.

The figures showed that an increase in exports to European

Union countries and Canada partially offset the U.S. drop. They

also showed that Germany in August moved past the United States

to become Switzerland's biggest export market.

($1 = 0.7881 Swiss francs)

(Writing by Dave Graham, editing by John Revill)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
Copyright 2023-2025 - www.financetom.com All Rights Reserved