Few days ago, new US Tariffs for Switzerland were announced. 39% is by far more than the EU products will be exposed to when being imported in the US. The argument of the US government was the trade surplus in its trades with USA which was about 38,5 billion CHF in 2024. The new tariffs could impact close to 60% of Swiss exports in the USA.
The USA is the largest market for Switzerland for its exports of pharmaceuticals, watches, machinery and chocolate.
The new tariffs will put products produced in Switzerland into a far worse position compared to similar products arriving from the EU.
The urgent call of the President of Swiss government with Donald Trump, a high-profile delegation from Switzerland to the USA and the voices of big Swiss companies show clearly which important impact the new tariffs can have on Swiss industries.
In 2024, around 20% of the total Swiss exports went to the USA. The dependance on US exports is accordingly strong.
The current situation shows clearly how important a diversification of markets and sales regions is. The development of a diversified customer base in regards of countries and regions is crucial to avoiding such strong dependencies from just one single big export market.
Why do we pay special attention to this fact and to a small country in the center of Europe which is not even part of the European Union?
Well, Switzerland deserves this special attention due to different reasons:
- It is one of the most stable economies in the world
- It is one of the most democratic countries in the world where the own citizens are deeply involved in majority of political and governmental decisions on federal, cantonal and communal levels
- The financial sector of Switzerland continues to be very important on the international scale comparable to the importance of Singapore in Asia or Dubai within BRICS and in Middle East.
Last but not least, beginning of August Singabiz opened its branch in Switzerland and is now closer than ever to this small but highly attractive country in the center of Europe.
Having a decade-long experience in company formations across the globe including cross-border holding structures, Singabiz® and Singabiz® Network are open now to assist small and medium Swiss enterprises in their orientation to new and emerging markets, like ASEAN, Mercosur, BRICS as an alternative to highly taxed USA exports.
We can help not only Swiss companies with their internationalization plans. Entrepreneurs, freelancers, digital nomads, small and medium enterprises from all around the world are welcome to use our expertise to achieve the best possible international benefits from their business.
Just get in touch with us and we’ll coordinate with you the rest.
