ABB expects to pass on cost increases from new tariffs

We expect to pass on cost increases that are the result of the tariffs to our customers,

a company spokesperson said

The new tariffs are a severe blow to companies in the Swiss tech industry, which are in a difficult situation after many months of declining sales,

Swissmem said in a statement

The country's long-term economic interests are paramount. Adherence to international law and free trade remain core values,

she said in a social media post

Today's escalation in trade policy represents a serious burden for the Swiss export industry,

Economiesuisse said, calling the tariffs "harmful and unjustified."