The Home Run 3:00pm - 6:00pm

Listen Live

Search

Geneva will be hard hit by tariffs

Friday, 4 April 2025 06:30

Geneva is likely to be one of the worst hit cantons following the new US tariffs.

The United States is its second largest export market – mainly watches and jewellery – which makes up 87% of its trade to the US or 6% of its GDP. 

The head of the Geneva Chamber of Commerce, Vincent Subilia, says the tariffs are a ‘declaration of economic war and a ‘hammer blow’ to the canton. 

The Watches and Wonders watch trade show is currently underway in Geneva.

The head of the Swiss Watchmaking Federation, Yves Bugmann, is shocked and demands the Confederation to explain the situation to the US and that there are no tariffs on US imports. 

Share

More from Bitesize News

  • Geneva could foot the G7 bill

    Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.

  • US NGO discovers Swiss child abuse cases

    Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.

  • French singer banned by Paleo

    The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.

  • Cars going uninspected

    The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.

  • War may lead to rent rises

    Rents may rise again, says the bank Raiffeisen.

  • Not a heatwave, yet

    Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play