Switzerland is the next nation to make headlines following the impact of Indian imports under “reciprocal tariff” pressures.

The Trump administration’s imposition of a 39 percent import tax on Swiss products is the highest seen, contributing to a nearly 38-40 percent deficit for the US. The estimated effective tariff rate in the US stands at about 19 percent.

This situation has exerted stress on the Swiss Franc, which fell before partially recovering over the weekend. The new tariff on Swiss imports is approximately 2.5 times greater than that levied on goods from the European Union.

In response, the Swiss President quickly traveled to Washington to negotiate a potential deal aimed at protecting key industries, including chocolates, watches, gold and machinery. But returned without any agreement. Backdoor talks are underway.

However, the gold sector is particularly impacted, as possible tariffs on 1 kg gold bars threaten to disrupt Switzerland’s substantial gold refining business. This development underscores the need for further clarification on the matter, particularly because futures in New York depend on Swiss gold bars, the primary source of gold bars.

The market is currently awaiting a response from the White House regarding whether an executive order might ease the situation. Switzerland is........

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