Switzerland’s commerce with the US is significant and any tariffs would meaningfully impact its economy, according to Swiss National Bank President Martin Schlegel.

President Donald Trump promised global elites lower taxes if they bring manufacturing to the U.S. and threatened to impose tariffs if they don’t.

President Trump addressed the World Economic Forum in Davos, Switzerland. “My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on Earth,

By Echo Wang, Marwa Rashad and Trevor Hunnicutt DAVOS, Switzerland (Reuters) -U.S. President Donald Trump demanded OPEC lower oil prices and the world drop interest rates in a speech to global business and political leaders and warned them they will face tariffs if they make their products anywhere but the U.