ZURICH, June 3 (Reuters) – The Swiss government on Wednesday rejected U.S. findings on how dozens of economies, including Switzerland, deal with goods produced by forced labour, a \u200cprobe that prompted Washington to threaten trading partners with fresh tariffs.<\/p>\n
The Trump administration has \u200cproposed imposing additional duties of 10% or 12.5% on imports from 60 economies after concluding that their failures to curb \u200btrade in goods made with forced labour are unreasonable and hamper U.S. commerce. The proposal is designed to help rebuild U.S. President Donald Trump’s emergency tariffs, which were struck down by a U.S. Supreme Court decision in February.<\/p>\n
The Swiss economy ministry said U.S. industry was not being harmed by Switzerland’s practices and \u200crejected the conclusions set out \u2060by the U.S. Trade Representative, or USTR.<\/p>\n
USTR has recommended the 12.5% tariff for Switzerland and others who have not enacted an import ban on goods \u2060made using forced labour. The EU faces a 10% rate.<\/p>\n
Rudolf Minsch, chief economist at Swiss business lobby economiesuisse, said the forced labour issue was “completely unfounded” but the move was expected because Washington was looking for \u200ba \u200bway to maintain the tariffs due to expire.<\/p>\n
The fact \u200bSwitzerland was facing slightly higher tariffs \u200cthan the EU appeared manageable, he said, noting the difference could be passed on to customers or saved by using alternative routes.<\/p>\n
“So from that point of view, it’s not decisive,” Minsch said. “It is perhaps simply somewhat annoying.”<\/p>\n
The economy ministry said it expected the 12.5% duties would replace separate 10% tariffs due to expire on July 24.<\/p>\n
The labour probe ran alongside an investigation alleging that \u200ccountries, among them Switzerland, were running excess industrial capacity \u200bto the detriment of U.S. industry.<\/p>\n
Switzerland rejects this, but the \u200bministry said it expected additional tariffs \u200bto arise from that as well. The results of that part of the \u200cinvestigation are expected in the coming weeks.<\/p>\n
Trump \u200blast year hit Switzerland \u200bwith 39% additional tariffs, the highest on any country in Europe.<\/p>\n
Switzerland in November sealed an initial agreement with the United States that slashed those tariffs, and it has been \u200bworking since then to formalize the \u200cdeal.<\/p>\n
The ministry said it wanted an accord to regulate bilateral economic relations over the \u200blong term, regardless of legal and political developments within the U.S.<\/p>\n
(Reporting by Dave \u200bGraham and John Revill; Editing by Hugh Lawson)<\/p>\n","protected":false},"excerpt":{"rendered":"ZURICH, June 3 (Reuters) – The Swiss government on Wednesday rejected U.S. findings on how dozens of economies,…\n","protected":false},"author":2,"featured_media":76936,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[18,40186,41,17],"class_list":["post-76935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-donald-trump","tag-forced-labour","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116686282447717487","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/76935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=76935"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/76935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/76936"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=76935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=76935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=76935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}