Swiss Exports to US Rebounded in September, Defying 39% Tariff

Oct. 21, 2025, 9:31 AM UTC

Switzerland’s exports to the US rebounded in September, suggesting demand for its goods is so far withstanding the impact of President Donald Trump’s outsized tariffs.

Foreign sales to America excluding gold, adjusted for seasonal swings, were 43% higher in September than in August, the country’s customs office said on Tuesday. The total of Swiss shipments rose by 3.4%.

Meanwhile imports from the world’s biggest economy rose 5.5%. That means that the US trade deficit with the nation widened to 3.3 billion francs ($4.2 billion), from 2.06 billion francs the previous month. That’s the most since April and above ...

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