Swiss Senate Extends Support for Companies Hit by US Tariffs

Parliament approves extension of short-time working compensation from 18 to 24 months to help Swiss companies cope with US trade measures.

The Swiss Council of States (Senate) approved extending short-time working compensation from 18 to 24 months.
The US Supreme Court will hear a case regarding the legality of President Trump's tariff policy in November.
Most Swiss exports to the US have been subject to a 39% tariff since August 7.
The extension of short-time working is limited until the end of 2028.
The Swiss House of Representatives is scheduled to debate the bill next week.

39%

Tariff rate

24 months

Duration

15%

Tariff rate

31%

Initial Tariff rate

"The tariff of 39% must be reduced as quickly and significantly as possible."
— Rahul Sahgal

"If the tariff authorisation were to be denied, this would bring the US 'to the brink of economic disaster'."
— US Government

Senate Throws Lifeline to Industry