US imposes new tariff of 12.5% on Switzerland over forced labour

Switzerland is among 60 other countries that face new US tariffs on Friday for allegedly not doing enough to combat forced labour. A 12.5% tariff has been imposed on Swiss goods. The new tariffs, ranging from 10% to 12.5%, will apply from 6:01am in Switzerland to a number of products entering the United States. They replace the 10% tariff imposed last February, which expire at the same time. These temporary tariffs, valid for 150 days, had been introduced by US President Donald Trump in the…