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‘Knives out’: Switzerland descends into blame game after US tariff shock

Financial TimesSunday, August 3, 2025 at 11:57:02 AM
NegativeFinancial Marketstrade relations
‘Knives out’: Switzerland descends into blame game after US tariff shock
Switzerland is embroiled in political finger-pointing after the US imposed unexpected tariffs, leaving President Karin Keller-Sutter facing heavy criticism for her handling of trade negotiations with the Trump administration. The situation has escalated into a public blame game, with officials scrambling to assign responsibility for the breakdown.
Editor’s Note: This story highlights how sudden shifts in US trade policy can destabilize even traditionally neutral and stable economies like Switzerland. The fallout could strain diplomatic ties and hurt Swiss exporters, making it a high-stakes political and economic issue.
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