US Slashes Swiss Tariffs: Geneva Chamber Hails "True Relief" for Economy | APT - video Dailymotion

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The United States has reduced tariffs on Swiss goods from a punishing 39% to 15%, bringing relief to Swiss businesses and the Geneva economy, according to Vincent Subilia, Director General of the Geneva Chamber of Commerce, Industry and Services (CCIG).  Trump’s 2025 tariffs had stunned Switzerland, which had eliminated its own industrial tariffs the previous year. The new framework trade agreement also includes a Swiss pledge to invest $200 billion in the U.S. by 2028.  Subilia called the move a “step in the right direction” and said it would help preserve jobs, stabilize tax revenues, and protect Swiss industries including machinery, watchmaking, jewelry, and medtech.  #Switzerland #USTariffs #GenevaEconomy #SwissExports #TradeNews #SwissBusiness #VincentSubilia #USSwitzerlandTrade #Watchmaking #Medtech #MachineryExports #SwissEconomy #InternationalTrade #TariffCut #BusinessNews

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00:00This is excellent news indeed and I must say this is a true relief for the Swiss and

00:23European Geneva economy which had been unduly damaged by punitive tariffs.

00:32So again, a breath of fresh air for the Swiss economy.

00:36It is worth remembering that Geneva is the second largest importer at the national level

00:42but also to the US which is our second trading partner, we're talking about 3.5 billion for

00:49Geneva only.

01:00That was a very serious threat on the prosperity of Geneva and Switzerland.

01:07So today is a day not of celebration but of humble and modest relief and a step in the

01:15right direction.

01:22So, whatever a taif is.

01:29I'm going to take a look at it.

01:35I'm going to take a look at it.

01:41I'm going to take a look at it.

01:47Whatever a taif is, even 1% is 1% too much, that's for sure.

01:57But in the current circumstances and in light of the taif that have been imposed to our first

02:02trading partner, i.e. the EU, I believe that this is reasonable at this stage.

02:10I naturally hope that down the road we shall manage to get rid of all types of tariffs.

02:17It's also a secret, it is a special, and it is true that the beauty of your own little

02:21training is to take a look at it.

02:23It's better to enter it.

02:24It's better to take a look at it.

02:27It's better to change the market.

02:30Well, the expected of our best product is to take a look at it.

02:35Theärenisney-like options are the best place, so it is more appropriate.

02:38The standard uses of the nature of the sea and the secret of the city.

02:43Yes, it has been detrimental in that three and a half months, but entrepreneurs in Switzerland

02:59are agile and resilient, so I would say that we could mitigate the very dire circumstances

03:11including massive unemployment by having that decision taken and announced today rather

03:21than later because this was not sustainable.

03:33If you look at the US as the number one powerhouse and our second export market and if you look

03:40at certain sectors of activities, machinery, watchmaking, jewellery, all the medtech sector

03:46which are part of the clusters here in Switzerland and you look at the jobs, we're talking hundreds

03:52of thousands of jobs eventually and all the value chain if you take a more holistic view.

03:59So I would dare to say that that agreement, while it is not perfect because we would have

04:03hope for 0%, but still it is certainly a step in the right direction and it will help preserve

04:11jobs and tax revenues to the benefits of Switzerland.

04:18mirch

04:32What I've read, most companies have already created a stock,

04:59to find other solutions to try, at least in the medium term, to find a solution.

05:05There, at the end, the uncertainty period has been a bit short.

05:13We have seen by the past that the economy is much more resilient.

05:17Every time we think there is a shock.

05:19The euro is strong, etc.

05:21We are always able to find a way.

05:24At the end, I think it should be okay.

05:39This is a very good news for the Swiss.

05:44We are really in a period of commercial tension that is never very good.

05:49Because it reminds us of what happened during the war.

05:53So, we have to come back to the rules that are acceptable.

05:57I think it is very good for the Swiss economy and the Genevoise economy.

06:00Thank you very much.

06:02Thank you very much.

06:04Thank you very much.

06:06Thank you very much.

06:08Thank you very much.

06:10Thank you very much.

06:11Thank you very much.

06:23Thank you very much.

US Slashes Swiss Tariffs: Geneva Chamber Hails "True Relief" for Economy | APT

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