The Swiss government has rejected US allegations that its measures to combat forced labor are insufficient, which led to the imposition of import tariffs of up to 12.5% starting July 24, 2026. It insists the accusations are unfounded and that its actions remain in line with the joint declaration framework agreed by both countries in November 2025. Meanwhile, Economiesuisse, the Swiss business federation, said the new tariff measure is incomprehensible and lacks legitimacy, as there is no evidence that Swiss supply chains are being used to smuggle goods made with forced labor into the US market. It also noted that forced labor is already prohibited under Swiss law. Economiesuisse further warned that the measure will put Swiss exporters at a disadvantage compared to competitors from the European Union and the United Kingdom, which face lower tariff rates. Trade uncertainty continues as the US is still conducting a Section 301 investigation into allegations of overcapacity in industrial goods production, which could lead to additional measures in the future.