Swiss stunned by US tariff hike, seek negotiated solution

Reuters ^ | August 1, 202510:31 AM CDT | John Revill and Olivia Le Poidevin

[woodbutcher1963]

Not to worry, Lindt makes all their USA sold chocolates/candy at their facility in Stratham, NH

Kind of like Sig Sauer makes most of their US sold weapons in Portsmouth, NH.

Live Free or Die

[ETCM]

“Take my Toblerone from of my cold, dead hands...”

I used to order cigars from a shop in Switzerland. They added a few Toblerone bars in every shipment, and the customs form indicated "chocolate". Good stuff! Laderach is pretty good stuff too.

[eyedigress]

FAFO

[armourenthusiast]

Why are our medicines made on top of the mountains in Switzerland? What if it snows?

[ridesthemiles]

WERE THEY IGNORING THE NEWS FOR THE PAST 2 MONTHS???

[Verginius Rufus]

We have other sources of chocolate, but where else can we get Swiss Army knives or Swiss watches?

[In_Iowa_not_from]

I thought Trump was forcing pharmaceutical companies to give US consumers most favored nation status? How would that raise prices? US consumers already pay 3x more than comparable developed nations. So any additional price increases isn’t going to happen.

Many medicines are made overseas. Those that aren't made overseas contain ingredients from overseas. The equipment used to research and manufacture the medication here in America(pressurized vessels, microscopes, concentrators, beakers, test tubes, sterile gloves, et cetera) are made overseas. That equipment hasn't been made in America for decades, some of it hasn't been made in America since the 1960s.

The cheap generic meds are made in India from ingredients made in China. These blanket tarrifs that Trump loves is going to cost Americans dearly (especially retirees who are kept alive with these meds) whether they take brand name or generic meds, and whether or not they are made in America or overseas.

The main reason prices haven't gone up YET is because companies are still going through their pre-tariff stock. Once the next shipment comes in post-tariff, the prices will go up.

[grumpygresh]

Like autos, pharmaceutical companies need to be onshored . Enough of these Chinese Indian and imports from adversary less than friendly nations. Covid demonstrated that this was a serious weak point.
So it becomes a national security issue. That alone is justification for re-sourcing and onshoring as much as possible.
Of course onshoring will take time and there will be some price hikes. But in the end they’ll be more jobs for US workers, more GDP growth etc.

[lastchance]

Isn’t 4 tier chess great!?

[In_Iowa_not_from]

True. But then why is he removing the De Minimis exemptions for shipments from our allies (i.e. UK, Japan, S Korea, Isreal, etc)? Currently, e-commerce items from these countries enter duty free. Now he will start taxing them. And not just a flat rate. That will include processing fees.

Whether its a cell phone battery from Korea or collectible stamps from the UK, it will be slapped with more taxation. If Biden or Harris pulled this, there would be immediate push back. But slap a MAGA sticker on it and all is good.