US Tariffs on Swiss Imports Noted; Pakistan Also Faces New US Trade Measures

US Tariffs on Swiss Imports Noted; Pakistan Also Faces New US Trade Measures

The Swiss government has acknowledged new US tariffs of up to 12.5% on Swiss imports, effective July 24, while rejecting underlying allegations of forced labour. The United States is reportedly adhering to a joint statement from November 2025 regarding these measures. Notably, Pakistan is also listed among countries affected by new US forced labour tariffs. These trade developments could introduce volatility in global trade, potentially influencing USD/PKR rates and Pakistan's economic outlook.

بحوالہ / Source: www.brecorder.com