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The country’s dairy farmers produced a bumper harvest of milk, but higher u.s The increase is due to the large volume of swiss exports of gold, pharmaceuticals, and chemicals to the usa, which creates a notable trade imbalance. Duties have forced them to consider ways to cut back, including slaughtering cows.
Swiss goods are now subject to 39% u.s A figure significantly higher than the originally expected 15% Tariffs — but switzerland has further challenges when it comes to the trump administration.
Milk surplus meets tariff trouble canadian dairy farms are experiencing a paradoxical crisis of abundance
Across the country, farmers have achieved remarkable production levels, with milk flowing more bountifully than ever before Yes, switzerland ran a large trade surplus with the us last year But the country had already abolished virtually all industrial tariffs as of january 2024 Most of its recent trade surplus.
Switzerland is reeling after u.s President donald trump slammed it with the highest tariffs of any developed economy The small alpine nation proud of its independence ponders how to navigate an unsettled world. This dramatic figure, reported by the interprofessional association of the dairy sector (ip), is a direct consequence of soaring us import tariffs, which have drastically curbed sales of swiss cheese in the american market.
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