Swiss Expect US Tariffs to Hit Tax Revenue From Next Year

Swiss Expect US Tariffs to Hit Tax Revenue From Next Year

Switzerland’s government expects high US tariffs to impact its revenue from value-added tax from next year as the levies weigh on growth.

“Further effects on receipts are to be expected with a longer lag,”

The US have slapped a 39% levy on many exports to America on Switzerland, which took effect in August. As attempts by Bern to secure a lower rate have failed so far, the government cut its growth forecast for next year to just 0.9%, down from 1.2%.

The government also said that for this year, Switzerland is set to report a budget deficit of just 0.6 billion francs ($750 million). That’s narrower than the originally budgeted shortfall of 0.8 billion francs.

The change is due to slightly higher income, according to the statement.

Author's summary: US tariffs to impact Swiss tax revenue.

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SWI swissinfo.ch SWI swissinfo.ch — 2025-10-29

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