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
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