One of US President Donald Trump’s highest tariffs is now in effect on Switzerland after President Karin Keller-Sutter wasn’t able to secure a revised deal before the deadline set by Trump. The 39% surcharge on exports – from Swiss-made luxury watches to Nespresso coffee capsules – is the highest among developed countries and compares with just 15% on the neighboring European Union. Bloomberg’s Bastian Benrath-Wright reports.
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