Sunday, December 17, 2023

The Swiss Are Removing Tariffs on 95% of their imports

You have to admire the Swiss people for their common sense and pragmatism!

"Starting in January, 95% of all imports will enjoy duty-free status, promising more affordable goods like cars, household appliances and clothes. That’s up from 81% currently. Tariffs will remain on agricultural products.

While this move wipes out half of customs revenue in a country that’s home to the World Trade Organization, it’s expected to boost competitiveness and moderate the elevated prices for everyday items. ..."

Supply Chain Latest: The Swiss Are Removing Tariffs - Bloomberg


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