I don't think the tariffs will matter to us since our biggest export to the USA is pharmaceuticals which have very inelastic demand. Almost everything else we export are luxury goods like watches and I don't think its going to matter that the 100k rolex is now 131k.
Well I don't think there is a single country in the world that can compete with Switzerland in high precision manufacturing so we're pretty safe there.
The USA is absolutely going to start sourcing pharmaceuticals from lower tariffed countries which will in turn cause shortages in other places along the supply chain.
Swiss pharma companies will need to adapt which will cause some short term pain but I'm sure they will find other buyers.
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u/Familiar-Scholar-595 3d ago
1 chf is worth 1.18 usd
1chf is worth 1.06 euro
we are better lol.
(this is so fucking horrible. all three were once worth around the same amount 😠plus we are hit with higher tarriffs)