Trump’s Swiss Tariffs Higher Than Expected, SNB’s Tschudin Says

The US’s decision to slap Switzerland with a 31% tariff leaves the country with a higher levy than anticipated, according the Swiss National Bank Governing Board member Petra Tschudin.

“It was surprising how high the tariff was,” she said Thursday in Zurich. “This is more than was priced in,” she said. “We’ll have to see how it plays out.”