Swiss seek China business boost as old trade links unravel

The prospect of upgrading an existing Swiss-China free trade agreement (FTA) comes at a critical juncture for Swiss companies that face volatile trading conditions in both the United States and the European Union. Washington has announced tariffs of up to 12.5% on some Swiss goods, which is higher than for many other European countries. Brussels has ramped up duties on Swiss steel while Swiss access to the EU electricity market hinges on a new set of framework conditions to govern bilateral…