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.
Comments