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'Huge blow' as Switzerland slapped with 'surprise' tariff by U.S.

01:02

Switzerland has been slapped with a "surprise" tariff of 39 percent by ally the United States. Zoe Schneeweiss, western Europe economics editor at Bloomberg News, says this is one of the highest rates globally. As a "small, export-oriented country" where half of its income relies on exports, Switzerland sees the tariff as a "huge blow," Schneeweiss says.

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