00:00It is really, it was a shock for us, and it is a shock for our export industry and the whole country.
00:09We are really stunned. And the tariffs are not based on any rational basis and are arbitrary.
00:19And it is impossible to explain what does it mean and why this decision is made, so there is no rationality.
00:34It's our national birthday, so it is a double shock.
00:40Normally we are happy to have our 1st of August, but at the moment there is only fear.
00:49So these tariffs are hitting the Swiss tech industry very hard.
00:5739% is a very high value itself.
01:01And in addition, the most important competitors of the Swiss tech industry have much lower tariffs.
01:08The European Union and Japan with 15% and the UK 10%.
01:15And that means that the difference, the tariff difference is more than 20% points.
01:23And this is huge.
01:24Huge.
01:25An hour and a half.
01:30You can hold red by the purple light.
01:33If you saw it, they are absolutelyaff HIV purchase at all magnesium.
01:34And that means that again learning needs to be huge.
01:35And that is where the power of the Булks makes it quite a bit bigger.
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