Swiss technology companies are encountering significant challenges due to the trade tariffs enforced by the United States on Switzerland, according to industry group Swissmem. The tariffs have dealt a harsh blow to Swiss tech firms, already struggling with declining sales over the past few months. President Donald Trump's decision to impose a 31% tariff on Swiss imports, higher than the 20% imposed on the European Union and 10% on British goods, has intensified the situation.