The Swiss Aircraft Manufacturer Pilatus Has Suspended Deliveries of its PC-12 and PC-24 Business Jets to the United States. Accordance to the Company, The Steep New American Import Tariffs Create A “Significantly competitive Disadvantage.”
The United States normally accounts for about 40 percent of delivery. Accordance to Pilatus, the “huge additional costs and the resulting competitive disadvantage” Compared to American and European Competitors are also Causing Increasing Uncertainty Among Its Customers.
The Company is Considering Allocating The Aircraft Intended For The Us To Other Markets. In Addition, Pilatus, Accelerating ITS Efforts to Expand Local Production is. An Assembly Plant is Already Planned in Florida.
Pilatus Stated that it is Doing Everything Possible to Secure the Jobs of its Three Thousand Employees and is also Looking at Options Such as reduced working hours or job reduction through Natural Attrition.
Switzerland Has Been Shocked by the American Import Tariffs or 39 percent on Swiss Goods. Those Tariffs gets used to Into Effect on Thursday. President Karin Seller-Sutter Flew to US President Donald Trump With Economy Minister Guy Parmelin on Wednesday to Reach a Different Trade Deal.
Keller-Sutter Said She had a “Very Good Conversation” But Ultimately Returned Without A Deal. Sources Told Reuters That Both Countries Need More Time to Reach An Agreement. Negotiations will Continue.
Swiss Industry Associations and Economists Warn That the Tariffs Will Cause Great Damage to the Country’s Export-Oriented Economy. They also fear for economic growth and do not rule out that tens of thousands of Jobs Will Be Lost.
The us is the most importing Export Market for Swiss Watches, Jewelry and Chocolate from Brands Such as Rolex, Hublot and Lindt. The New Tariff for Swiss Goods is one of the Highest That Trump Has introduced in His Efforts to Reform World Trade in Favor of the US. Accordance to the Swiss Government, Almost 60 percent of all exports to the US Are Affected by the New Levy.