Trump Unleashes Massive Tariffs on Swiss Watches, Pharma Firms

Switzerland’s exporters, from watch makers to pharmaceutical companies, are bracing for the financial fallout from US President Donald Trump’s 39% tariffs, one of the steepest rates globally in his escalating trade war.

The levies slapped on Switzerland are part of a slew of new tariffs unveiled by Trump late Thursday as the US president forges ahead with his effort to reshape international commerce.

The country exported $60.9 billion worth of goods to the US in 2024, according to the IMD Business School in Lausanne, making it one of the biggest US trading partners. Leading products included pharmaceuticals, watches, medical ...