The Swiss government warns that the trade tariffs imposed by the USA affect exporting industries and reduce the economic growth forecast for 2026.

The Swiss government has signaled the negative impact of the punitive trade tariffs imposed by the Trump administration on the economy, estimating a growth of only 1.3% in 2025 and a reduction to 0.9% for 2026. The 39% tariffs on Swiss exports imposed by the US, applied following the failure of trade negotiations, severely affect sectors such as luxury watches, pharmaceuticals, and chocolate.

Swiss officials emphasize that these tariffs place a significant burden on the economy, and the appreciation of the Swiss franc further complicates the situation. Economists warn of recession risks, estimating a decline in GDP in the second half of the year. Despite the challenges, some industry leaders, such as the CEO of Breitling, remain optimistic that a solution will be found.