Franklin FTSE Switzerland ETF

FLSW

Market cap $81.5M

Swiss inflation was unchanged in May, reinforcing the view that the Swiss National Bank is unlikely to raise interest rates later this month.

GDP expanded 0.5% in the first quarter, but the war in Iran threatens to derail Switzerland's recovery in the coming months.

Consumer prices were up 0.6% on year, higher than the 0.3% inflation rate in March, as the Iran war sent imported energy costs climbing.

Is it a national-security matter if a foreign leader speaks in a way the president doesn't like?

In exchange, Swiss officials committed to series of quotas for imports from the US on a duty-free basis

After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August. The agreement marks a stunning reversal for the Swiss economy, which saw exports to America collapse by 14% in the three months to September.

The U.S. and Switzerland have reached a trade agreement that will lower tariffs on Swiss goods to 15%, American and Swiss officials announced on Friday, after President Donald Trump's levies disrupted trade in Switzerland's luxury exports.

Switzerland has been subject to one of the highest tariff rates levied on an individual country by the Trump administration.

The 39% duty was met with dismay, with business leaders saying it was damaging business. Switzerland's key exports include watches, jewelry, machinery, chocolate, and pharmaceutical products.

Georges Kern, CEO of Swiss luxury watchmaker, Breitling discusses the impact of U.S. tariff rate of 39%, and explains how consumer sentiment is being affected by political instability across Europe.