@jef I'm definitely not a Trum fan, but unfortunately that's not entirely true. One of the largest product groups that Switzerland exports to the USA are pharmaceutical products, which were previously traded duty-free. Pharmaceutical companies have contracts with the health insurance companies about the price at which a drug is sold. These contracts are still valid, so for the next 1-2 years the customs duties in this area will largely be deducted from the companies' margins.

@h0ng10 @jef By "deducted from ... margins" did you mean to say "added to client premiums" because I don't believe they'll just eat the costs without making it everyone else's problem.

@retsel @jef The duties will initially (until the next round of negotiations with the health insurance companies) be paid by the pharmaceutical companies.