Switzerland sees risk of tariffs increasing cost of US F-35A jets
The Swiss government reaffirmed its commitment to buying the jets a week after the United States imposed some of its highest tariff rates worldwide on Switzerland due to the size of the US trade deficit with the European country.
The price of the jets would ultimately depend on inflation in the United States, global commodity prices 'and other factors such as price increases due to the tariffs imposed by the USA worldwide,' the government said in a statement.
Bern chose the F-35A as its next-generation fighter plane in 2021 for what it considered a fixed price of around 6 billion Swiss francs ($7.47 billion) for 36 jets. The US has since said that sum was a misunderstanding.
Talks with the United States to avert the total sum from potentially increasing by $650 million to $1.3 billion showed it was impossible for Switzerland to assert a fixed price, the Swiss government said.
($1 = 0.8028 Swiss francs)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
4 minutes ago
- Al Arabiya
Trump asked Norwegian minister about Nobel Prize, newspaper says
When US President Donald Trump called Norway's finance minister last month to discuss trade tariffs, he also asked about the Nobel Peace Prize, Norwegian business daily Dagens Naeringsliv reported on Thursday. Several countries including Israel, Pakistan and Cambodia have nominated Trump for brokering peace agreements or ceasefires, and he has said he deserves the Norwegian-bestowed accolade that four White House predecessors received. 'Out of the blue, while Finance Minister Jens Stoltenberg was walking down the street in Oslo, Donald Trump called,' Dagens Naeringsliv reported, citing unnamed sources. 'He wanted the Nobel Prize - and to discuss tariffs.' The White House, Norway's finance ministry and the Norwegian Nobel Committee did not immediately reply to requests for comment. With hundreds of candidates nominated each year, laureates are chosen by the Norwegian Nobel Committee, whose five members are appointed by Norway's parliament according to the will of Swedish 19th century industrialist Alfred Nobel. The announcement comes in October in Oslo. The Norwegian newspaper said it was not the first time Trump had brought up the prize in conversation with Stoltenberg, a former secretary general of the NATO military alliance. It quoted Stoltenberg as saying the call was to discuss trade tariffs and economic cooperation ahead of Trump's call with Norwegian Prime Minister Jonas Stoere. Asked if Trump made the Nobel prize an issue, Stoltenberg said: 'I will not go further into the content of the conversation.' Several White House officials, including US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were on the call, Stoltenberg said. The White House on July 31 announced a 15 percent tariff on imports from Norway, the same as the European Union. Stoltenberg said on Wednesday that Norway and the United States were still in talks regarding the tariffs.
Arab News
34 minutes ago
- Arab News
Poland foiled cyberattack on big city's water supply, deputy PM says
WARSAW: A large Polish city could have had its water supply cut off on Wednesday as a result of a cyberattack, a deputy prime minister said after the intrusion was foiled. In an interview with news portal Onet on Thursday, Deputy Prime Minister Krzysztof Gawkowski, who is also digital affairs minister, did not specify who was behind the attack or which city was targeted. Poland has said that its role as a hub for aid to Ukraine makes it a target for Russian cyberattacks and acts of sabotage. Gawkowski has described Poland in the past as the 'main target' for Russia among NATO countries. Gawkowski told Onet that the cyberattack could have meant there would be no water in one of Poland's big cities. 'At the last moment we managed to see to it that when the attack began, our services had found out about it and we shut everything down. We managed to prevent the attack.' He said Poland manages to thwart 99 percent of cyberattacks. Gawkowski last year that Poland would spend over 3 billion zlotys ($800 million) to boost cybersecurity after the state news agency PAP was hit by what authorities said was likely to have been a Russian cyberattack. The digital affairs ministry did not immediately respond to an email requesting further details. On Wednesday Prime Minister Donald Tusk, who has warned that Russia is trying to drive a wedge between Warsaw and Kyiv, said that a young Ukrainian man had been detained for acts of sabotage on behalf of foreign intelligence services, including writing graffiti insulting Poles. PAP reported on Thursday that a 17-year-old Ukrainian man detained, among other things, for desecrating a monument to Poles killed by Ukrainian nationalists in World War Two has been charged with participating in an organized criminal group aimed at committing crimes against Poland.
Al Arabiya
an hour ago
- Al Arabiya
EU says it rejects any Israel-Gaza territorial change unless part of political deal
The European Union rejects any territorial change involving Israel and Gaza that is not part of a political agreement, a European Commission spokesperson said in response to questions on Thursday.
