Fitch Ratings said the US’ 39 per cent tariffs on Swiss exports will hit competitiveness, pushing Switzerland’s effective tariff rate to 22.1 per cent, one of the highest among advanced economies.
Authorities may aid impacted sectors, raising fiscal costs.
Fitch affirmed Switzerland’s ‘AAA’/Stable rating, noting FDI in the US may offset losses.
Authorities may aid impacted sectors, raising fiscal costs.
Fitch affirmed Switzerland’s ‘AAA’/Stable rating, noting FDI in the US may offset losses.
