Politics8/1/2025Bloomberg

Trump’s Shock 39% Tariff Crashes Swiss National Day Party

The article reports that Switzerland's political and business leaders were caught off guard by President Trump's imposition of a 39% tariff on Swiss exports. This unexpected move came as a surprise, as Switzerland was confident it had avoided such punitive measures. The tariff has had a significant impact on Switzerland's national celebrations, crashing the traditionally festive Swiss National Day party. The news has left the Swiss government and businesses scrambling to assess the damage and formulate a response. The article suggests that the tariff decision represents a departure from previous diplomatic efforts to maintain stable trade relations between the two countries. It highlights the uncertainty and disruption caused by the Trump administration's unpredictable trade policies, which have now extended to a longstanding U.S. ally like Switzerland.

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