{"id":25476,"date":"2026-02-23T06:18:19","date_gmt":"2026-02-23T11:18:19","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/swiss-trade-group-blasts-trumps-new-15-tariff-hike-as-creating-global-chaos\/"},"modified":"2026-02-23T06:18:19","modified_gmt":"2026-02-23T11:18:19","slug":"swiss-trade-group-blasts-trumps-new-15-tariff-hike-as-creating-global-chaos","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/swiss-trade-group-blasts-trumps-new-15-tariff-hike-as-creating-global-chaos\/","title":{"rendered":"Swiss Trade Group Blasts Trump’s New 15% Tariff Hike as Creating Global Chaos"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

A prominent Swiss manufacturing association condemned President Donald Trump’s weekend decision to boost temporary import duties to 15% from 10% on goods from all nations, calling the move destructive to global economic stability.<\/p>

The Swiss industry group Swissmem issued a statement Monday saying the tariff increase is worsening worldwide economic turmoil and discouraging business investments across international markets.<\/p>

Switzerland faced Europe’s steepest U.S. trade penalties last August when Trump slapped a 39% import tax on Swiss products. Swiss officials managed to negotiate that rate down to 15% in November, matching what European Union countries pay.<\/p>

Swiss leaders are now working to finalize that agreement, which the Trump administration wants completed before March ends.<\/p>

Swissmem called on Switzerland’s government to continue pursuing the trade deal to establish legal clarity while condemning the latest tariff action.<\/p>

“U.S. President Donald Trump’s announcement that he will increase the additional tariff imposed on Friday from 10% to 15% is exacerbating the current chaos,” Swissmem said. “Global uncertainty is huge. This is dampening investment activity.”<\/p>

The president initially implemented a 10% temporary duty Friday following a Supreme Court ruling that invalidated his earlier tariff system, then raised it to 15% Saturday.<\/p>

According to Swissmem, the new universal tariffs appear separate from the 15% rate Switzerland previously negotiated with Washington.<\/p>

However, when combined with an existing 5% levy on industrial products that predates Trump’s global tariff campaign, Swiss exporters could face roughly 20% total duties, the organization warned.<\/p>

“This will significantly increase prices for American customers,” Swissmem stated, adding that the mechanical and electrical engineering industry’s only silver lining is that competing foreign companies will likely face similar penalties.<\/p>

Switzerland removed all its industrial tariffs in 2024.<\/p>","protected":false},"excerpt":{"rendered":"

A Swiss industry organization criticized President Trump’s decision to raise temporary tariffs from 10% to 15% on all U.S. imports over the weekend. The group says the move is worsening global economic uncertainty and hurting business investment worldwide.<\/p>\n","protected":false},"author":4,"featured_media":25475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-25476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771845499053.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-6CU","jetpack-related-posts":[{"id":33187,"url":"https:\/\/tvdelmarva.com\/wp\/swiss-pharma-giant-roche-warns-of-ongoing-us-tariff-impact-on-diagnostics\/","url_meta":{"origin":25476,"position":0},"title":"Swiss Pharma Giant Roche Warns of Ongoing US Tariff Impact on Diagnostics","author":"Admin","date":"March 7, 2026","format":false,"excerpt":"Roche's chairman says the company's pharmaceutical products should remain protected from US tariffs under a December agreement with President Trump, but the diagnostics division faces continued exposure. The Swiss company's diagnostics business generated nearly 14 billion Swiss francs in 2025 and could see renewed duties after a 150-day exemption period\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772878734707.jpg?fit=450%2C331&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":44038,"url":"https:\/\/tvdelmarva.com\/wp\/switzerland-us-trade-negotiations-extended-past-march-deadline\/","url_meta":{"origin":25476,"position":1},"title":"Switzerland, US Trade Negotiations Extended Past March Deadline","author":"Admin","date":"March 29, 2026","format":false,"excerpt":"Trade negotiations between Switzerland and the United States will extend beyond their March deadline, according to Swiss President Guy Parmelin. The talks stem from high tariffs imposed during the Trump administration, with discussions expected to resume in April.","rel":"","context":"In "World News"","block_context":{"text":"World News","link":"https:\/\/tvdelmarva.com\/wp\/category\/world-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774776178237.jpg?fit=450%2C301&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25512,"url":"https:\/\/tvdelmarva.com\/wp\/swiss-government-pushes-forward-with-u-s-trade-agreement-negotiations\/","url_meta":{"origin":25476,"position":2},"title":"Swiss Government Pushes Forward with U.S. Trade Agreement Negotiations","author":"Admin","date":"February 23, 2026","format":false,"excerpt":"Switzerland's government announced Monday it remains committed to securing a formal trade agreement with the United States. The deal would build upon a preliminary agreement from late 2025 that reduced American tariffs on Swiss goods from 39% to 15%.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771849089171.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":23721,"url":"https:\/\/tvdelmarva.com\/wp\/president-trump-announces-swiss-drugmaker-building-11-plants-in-us\/","url_meta":{"origin":25476,"position":3},"title":"President Trump Announces Swiss Drugmaker Building 11 Plants in US","author":"Admin","date":"February 19, 2026","format":false,"excerpt":"President Trump revealed he met with Novartis CEO Vas Narasimhan at the White House, discussing the Swiss pharmaceutical company's expansion plans. The drugmaker is reportedly constructing 11 manufacturing facilities across the United States, which Trump attributed to his administration's tariff policies.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771561027105.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70606,"url":"https:\/\/tvdelmarva.com\/wp\/major-copper-trader-moving-metal-from-new-orleans-ahead-of-us-tariff-decision\/","url_meta":{"origin":25476,"position":4},"title":"Major Copper Trader Moving Metal From New Orleans Ahead of US Tariff Decision","author":"Admin","date":"May 22, 2026","format":false,"excerpt":"A Swiss commodity trading company is reportedly withdrawing significant amounts of copper from warehouses in New Orleans as the U.S. prepares to decide on potential import tariffs by late June. The move comes as traders position themselves ahead of a possible tariff ruling that could affect copper metal imports.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779459918344.jpg?fit=450%2C285&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":51706,"url":"https:\/\/tvdelmarva.com\/wp\/middle-east-conflict-casts-shadow-over-genevas-premier-luxury-watch-event\/","url_meta":{"origin":25476,"position":5},"title":"Middle East Conflict Casts Shadow Over Geneva’s Premier Luxury Watch Event","author":"Admin","date":"April 14, 2026","format":false,"excerpt":"The ongoing war between the U.S., Israel and Iran is creating new challenges for the luxury watch industry as Geneva prepares to host its annual \"Watches and Wonders\" trade show. Swiss watch exports have already declined for two consecutive years, and industry experts expect further drops due to logistical disruptions\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776148702876.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776148702876.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776148702876.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776148702876.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/25476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=25476"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/25476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/25475"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=25476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=25476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=25476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}