Today a court ruling may come out at the same time the new tariffs would go into place.
I think the son of Howard Lutnik did buy up a lot of tariffs from importers for Cents on the Dollar. If the court rules against the tariffs he will make a fortune!
Banana republic.
I guess the issue was threat to Pharma.
Now White House is simply telling companies what they need to do. At what price they should sell .. bla blaâŠ. Isnât this what communist regimes do ?
Talking about free market:)
Something like that, yes, it seems.
Fwiw many developed countries negotiate prices with pharma. Itâs pretty standard.
Trump has rejected the CH tariff deal
I think price negotiation is different than asking for flat price cuts
In negotiation , companies submit their best prices and then govt can decide what they would like to do.
But telling companies to reduce their prices just like that is basically abusing govt powers. Anyhow nothing strange anymore , everything is possible in US.
I see. Did he officially reject the deal or he didnât confirm the deal?
I just realised that tomorrow is 1 AUG. We are officially in the new tariff regime.
I guess universal tariffs / letter tariffs (except for the countries where one sided trade deals have been agreed) will apply as of tomorrow unless something changes.
He didnât sign the declaration of intent the US and CH delegations negotiated.
And he threatened pharma companies today. 50% of CH exports are by Novartis and Roche, somehow I think these two things are related.
Many countries have independent bodies who negotiate drug prices. Some of them are less independent than others, but each of them has a set of rules they use and are consistent in how they use them over time.
Itâs quite different for a head of state to be personally involved.
Does this represent another step for Switzerland toward closer ties with the European Union, potentially paving the way for lower tariffs through greater integration? Is this too strategic an issue for our leaders to act on, or simply a matter of timing?
So Switzerland gets a âpreferentialâ whopping tariff rate of 39%, effective 7 August⊠unless TACO, or unless it makes more serious efforts at worshipping and gifting the president:
Unter anderem gehören Kanada mit 35 Prozent und die Schweiz mit 39 Prozent einer vom Weissen Haus veröffentlichten Liste zufolge zu den am meisten belasteten LĂ€ndern. Weitere SpitzenzollsĂ€tze erhielten Syrien mit 41 Prozent, Laos und Myanmar mit 40 Prozent und der Irak mit 35 Prozent. FĂŒr LĂ€nder, die nicht namentlich auf der Liste aufgefĂŒhrt sind, gilt ein allgemeiner Zollsatz von zehn Prozent.
Trump begrĂŒndete den Schritt mit Handelsungleichgewichten. Auch hĂ€tten einige LĂ€nder bei den Verhandlungen keine ausreichenden ZugestĂ€ndnisse gemacht oder sich in Wirtschafts- und Sicherheitsfragen nicht an die Seite der USA gestellt.
This is confusing.
Trump announced 15% universal tariffs for every country with trade surplus with US.
So why Switzerland has 39% ?
Is it like a special punishment for the mistake of doing negotiations with US over the last 3 months?
ââ
I think the problem for CH is that Switzerland doesnât actually apply any tariff on most US goods. This means the only thing CH can offer
None of this is good. And if Pharma Business in US will suffer anyways then whatâs the point of agreeing on a deal. They cannot invest when they are making loss at same time
Trump knows CH is rich and I believe he wants a share of that by squeezing as much as possible. Perhaps thatâs why 7 more days to negotiate
Trump links Switzerland to the pharmaceutical industry as part of his strategy. Itâs a way to push for production to be relocated to the U.S.: either you pay, or you produce on American soil. Thank you, Mr. Orange !
Switzerland has a trade surplus with the US when it comes to goods, which is what the US is using, without taking services into account. From the US point of view, thatâs a trade deficit (Switzerland sells more goods in the US than the US sell in Switzerland).
Big Pharma and the SNB policies may have been unstated things that counted in the balance.
Plus, Trump has neither a golf court nor a hostel in Switzerland. 
Well, Qatar offered a superluxury Boeing 747-8 jumbo jet and they have the 10% baseline tariff.
Yes yes yes. And quit subsidies. Why the hell we pay more for our good cheese than the U.S. citizen do? And I want my T-bone steak, at U.S. price!
I would not agree. Digital dependence is already there. Now we want to kill our agriculture too?
No no no
Doesnât Qatar have trade deficit instead of surplus with US?
Is there cheese in the US? Any time Iâve been there I didnât notice any cheese anywhere.