Trump tariffs impact Swiss cheese exports

Last year, the United States imposed a 10% customs tariff on Gruyère cheese, which increased to 12.5% this year. This led to a decline in American demand, accounting for 13% of cheese sales, prompting Swiss producers to cut production by 5% to protect prices and reduce stockpiles. This decline placed pressure on farmers, who are now seeking new export markets, even though the U.S. market remains the largest in volume. Through reducing production, producers aim to prevent excess supply and maintain price stability amid ongoing trade challenges.

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