{"id":83992,"date":"2025-08-20T15:38:08","date_gmt":"2025-08-20T15:38:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/83992\/"},"modified":"2025-08-20T15:38:08","modified_gmt":"2025-08-20T15:38:08","slug":"switzerland-moves-to-strengthen-its-competitiveness-after-us-tariffs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/83992\/","title":{"rendered":"Switzerland moves to strengthen its competitiveness after US tariffs"},"content":{"rendered":"\n<p class=\"yf-1090901\">ZURICH (Reuters) -Switzerland is intensifying efforts to strengthen its attractiveness as a business location, its government said on Wednesday, after being hit with some of the highest U.S. tariffs worldwide.<\/p>\n<p class=\"yf-1090901\">Efforts will focus on regulatory relief for Swiss companies, and new rules incurring high costs for businesses could be pushed back, the government said in a statement.<\/p>\n<p class=\"yf-1090901\">U.S. President Donald Trump this month imposed U.S. import tariffs of 39% on Swiss goods, though pharmaceuticals and some other sectors have so far been spared the duties.<\/p>\n<p class=\"yf-1090901\">&#8220;(The government) wants to decisively press ahead with its economic policy agenda and is focusing on reducing the regulatory burden on companies,&#8221; the government said.<\/p>\n<p class=\"yf-1090901\">Geographical diversification and Swiss companies&#8217; access to alternative international markets should also be strengthened, the statement said.<\/p>\n<p class=\"yf-1090901\">The new U.S. levies currently affect around 10% of Swiss goods exports, and could have potentially severe consequences for some companies, the government said.<\/p>\n<p class=\"yf-1090901\">Switzerland does not anticipate a recession akin to the global financial crisis or the pandemic, it added.<\/p>\n<p class=\"yf-1090901\">(Reporting by Ariane LuthiEditing by Dave Graham)<\/p>\n","protected":false},"excerpt":{"rendered":"ZURICH (Reuters) -Switzerland is intensifying efforts to strengthen its attractiveness as a business location, its government said on&hellip;\n","protected":false},"author":2,"featured_media":83993,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,1376,46,14025,50254,834],"class_list":{"0":"post-83992","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-donald-trump","12":"tag-economy","13":"tag-import-tariffs","14":"tag-swiss-companies","15":"tag-switzerland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/83992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=83992"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/83992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/83993"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=83992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=83992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=83992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}