Swiss government says new US tariffs will replace old ones

The new US tariffs, which came into effect on Tuesday, will replace the existing ones for 150 days. They do not come on top of the existing measures applicable to each country, the Swiss government said on Wednesday. + Get the most important news from Switzerland in your inbox The clarification is aimed at giving businesses greater certainty amid widespread confusion. It is the 10% tariffs announced on Saturday by US President Donald Trump that are currently in force, Economics Minister Guy Parmelin said on Wednesday on the sidelines of a press conference. Trump introduced the new duties after the US Supreme Court on Friday struck down the previous tariffs imposed on the rest of the world. In response to Trump’s move, the European Parliament has put the ratification of the trade deal between Brussels and Washington on hold. The Swiss government, however, has taken no such step. US-Swiss negotiations to continue Negotiations on the agreement between Switzerland and the US are still ...