New Delhi, Aug. 3 -- Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of U.S. President Donald Trump's trade war.
Switzerland, home to some the world's most recognizable luxury brands, now faces an upcoming 39% tariff from the U.S. Industry groups on Friday warned that both Swiss companies and American consumers could pay the price.
Trump signed an executive order Thursday placing tariffs on many U.S. trade partners - the next step in his trade agenda that will test the global economy and alliances - that's set to take effect next Thursday. The order applies to 66 countries, the European Union, Taiwan and the Falkland Islands.
In Switzerland, officials failed to reach a fina...
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