Swiss economy shrank ahead of US tariff deal
Economy contracted in the third quarter as pharmaceutical and chemical sectors saw ‘sharp decline’
Economy contracted in the third quarter as pharmaceutical and chemical sectors saw ‘sharp decline’

European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward

Stricter post-Credit Suisse oversight sets nation on different path to US in particular

GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates

Swiss groups are involved in deals across sectors, defying currency moves and US tariffs

Pharma groups among hardest hit after US president demanded price cuts

New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April