nnSwitzerland faces a 39% tariff on its exports to the US – the highest rate imposed on any European country. Jean-Philippe Kohl, deputy director of Swissmem, described the tariffs as a ‘massive shock for the export industry and the whole country,’ leaving Swiss officials ‘stunned.’ The tariffs threaten Switzerland’s key industries including mechanical engineering, electrical engineering, and watchmaking. Swiss authorities are pushing for a negotiated solution with the US to reduce the economic impact. This development comes amid broader global market turmoil following new US tariff announcements affecting multiple countries.