Swiss industry group says latest US tariff hike increases chaos
U.S. President Donald Trump's weekend announcement that he would raise a temporary tariff to 15% from 10% has caused further chaos, and global uncertainty will depress investment activity, Swiss industry association Swissmem said on Monday.
February 23, 2026
Dave Graham/Reuters
. President Donald Trump speaks as he hosts a Governors Dinner at the White House in Washington D.C., U.S., February 21, 2026. REUTERS/Aaron Schwartz
ZURICH - U.S. President Donald Trump's weekend announcement that he would raise a temporary tariff to 15% from 10% has caused further chaos, and global uncertainty will depress investment activity, Swiss industry association Swissmem said on Monday.
"U.S. President Donald Trump's announcement that he will increase the additional tariff imposed on Friday from 10% to 15% is exacerbating the current chaos," Swissmem said in a statement.
-Reporting by Dave Graham, editing by Linda Pasquini/Reuters
TOP BUSINESS STORIES
_edited.jpg)
GLOBAL MARKETS: Asia shares cautious ahead of Federal Reserve's Jackson Hole Symposium
Senator Imee Marcos grills economic officials over falling forex reserves and weaker peso
Euro zone bond yields rise as oil prices climb amid Strait of Hormuz uncertainty
LATEST NEWS
Moderate to heavy rains continue to drench Luzon, Visayas
Family of Filipino doctor missing in Nepal flood appeals for help
King Oyo Nyimba of Uganda, once world's youngest monarch, dies at 34
Paraluman News Publication, Inc.
desk@myparaluman.ph
Tektite Towers (East), Exchange Road
Ortigas Center. San Antonio 1600
City of Pasig, NCR, Philippines
+63284298877
EXPLORE
Editorial Standards and Code of Ethics
Privacy Policy
User Policy
COMMUNITY
Contributor and Campus Voices Terms
Advertise with Paraluman News
ACCOUNTABILITY & SAFETY
Submit a Claim for Fact-Checking
© 2026 Paraluman News Publication