1. The canton of Vaud must revise its spending downwards
The presentation on Tuesday of the budget deficit of the canton of Vaud, the largest in 25 years, should sound like an alarm signal. The State Councilor responsible for Finance, Valérie Dittli, herself recognized this: the problem does not lie with revenues – which should increase despite the timid tax reductions – but with spending. Their growth (5.4% is forecast) exceeds that of Vaud’s GDP by three times (1.8%).
2. According to Helene Budliger Artieda, Switzerland is “stuck between two unreconcilable realities”
These are uncertain times for global trade. Between growing geopolitical tensions and the protectionist escalation led by China and the United States, trade is progressing more slowly.
Helene Budliger Artieda, director of the State Secretariat for Economic Affairs (Seco), answered questions from L’Agefi on the opportunities that new negotiations with China will bring, as well as on the state of relations with India and the European Union (EU). Interview.
3. Unlike the EU, Switzerland does not intend to tax Chinese electric vehicles
The European Union (EU) decided on Friday to impose additional customs duties on Chinese electric cars, in order to protect its industry. The State Secretariat for the Economy (Seco), in charge of the file, indicated to L’Agefi that Switzerland does not intend to align itself with this decision of the Twenty-Seven.
Unlike the EU and some other countries, the Confederation does not generally pursue a trade defense policy. “We consider that such measures are not in the economic interest of the country,” summarizes a spokesperson.
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