Swiss Say Firms Can't Dodge US Tariffs Via Liechtenstein Route.

The article discusses the Swiss government's stance on the U.S. tariffs imposed on Swiss goods, specifically the 39% tariff that cannot be avoided by routing exports through Liechtenstein. Despite the customs union between Switzerland and Liechtenstein, the Swiss economy ministry clarified that products must be wholly produced or sufficiently processed in Liechtenstein to qualify for its lower 15% tariff. The article notes that there have been no indications of companies attempting to exploit this potential loophole, and Swiss officials believe that the high U.S. tariffs would deter such actions. The U.S. has implemented a 40% levy on products transshipped through other countries to prevent tariff evasion, primarily targeting goods from China. [Extracted from the article]