Switzerland's government to hold special meeting over Trump's huge tariff on Swiss imports

Switzerland's Response to U.S. Tariffs: The Swiss government is convening an extraordinary cabinet meeting to address President Trump's 39% tariff on Swiss imports, which poses a significant threat to its luxury goods industry and could jeopardize tens of thousands of jobs.

Market Impact and Future Negotiations: Following the announcement of the tariffs, Swiss blue-chip stocks fell sharply, while officials are considering options such as purchasing U.S. liquefied natural gas or increasing investments in the U.S. to mitigate the impact of the tariffs set to take effect on August 7.