zurich, Switzerland – 2026/02/15 – swiss industry is confronting a “historic turning point” due to escalating protectionist measures globally, particularly a important downturn in trade with the united States. Martin Hirzel, President of Swissmem, the association representing Swiss mechanical, electrical, and metal industries, highlighted the concerning trend in a recent interview with Schweiz am Wochenende.
Hirzel emphasized the severity of the situation, noting a considerable 18% decrease in exports to the US between October and December. This decline signals a worrying shift in international trade dynamics and poses a considerable challenge to Swiss manufacturers.
The rise of protectionism, characterized by increased tariffs and trade barriers, is impacting Swiss businesses across various sectors.Swissmem represents over 900 companies employing approximately 400,000 people, making its assessment a crucial indicator of the broader economic climate. The organization has consistently advocated for open and fair trade policies.
Several factors contribute to the US trade decline. Increased domestic manufacturing in the United States, spurred by initiatives like the “Made in america” policies, are reducing reliance on foreign imports. Moreover, geopolitical tensions and evolving trade agreements are reshaping global supply chains.
Swiss companies are actively adapting to these changes by diversifying export markets and investing in innovation to enhance competitiveness. However, Hirzel stressed the need for proactive government policies to support the industry during this period of transition. These policies could include investments in research and growth, streamlined regulations, and the negotiation of favorable trade agreements.
The situation underscores the vulnerability of export-oriented economies like Switzerland to global trade disruptions. Swissmem is urging policymakers to prioritize trade liberalization and to actively engage in international efforts to reduce protectionist barriers. The long-term health of the Swiss economy depends on maintaining access to global markets and fostering a stable and predictable trade surroundings.
Analysts predict that the trend of increasing protectionism will continue in the coming years, driven by geopolitical uncertainties and domestic political pressures. Swiss companies must therefore prepare for a more challenging and competitive global landscape.
Worth a look