The exports of this country to America recorded a sharp and catastrophic decline … What is the story?

Switzerland’s exports to the United States fell during the month of August, according to the data of the Federal Customs Office issued yesterday, after the White House imposed customs duties by 39% on Swiss products.

The Swiss customs indicated that exports towards the American market decreased by 22.1% compared to the previous month, to record 3.08 billion Swiss francs (3.3 billion euros), as this decline was particularly affected This decline is also due to the chemistry and pharmacy sectors, despite the exclusion of medicines from customs duties. In August, Switzerland was surprised by the decision of Donald Trump’s administration to impose customs duties on Swiss products by 39 percent, which is a percentage of more than that announced previously, as it was scheduled in April at 31 percent. Switzerland exports decreased by 1 percent in August to 22 billion francs Swiss, with a decrease of 0.6 percent towards Asia and a 2.1 percent increase towards the European Union, according to customs reports.