Switzerland's been getting a lot of flak for its stance on Iran. They should really watch out, tho. Trump can easily cut them off from the US financial system. US whales and big institutions are all over the markets. They need to realize the risks involved, like economic or banking crashes.
Could Trump Cut Switzerland Off From the US Financial System?
14 replies 46 views
But hold up, a big chunk of Swiss exports to the US is pharmaceuticals and chemicals. They can’t just make that stuff themselves. What would they even do without those imports?
HumbleWizardMember
Posts: 51 · Reputation: 54
#3Mar 30, 2023, 04:03 AM
True, but Switzerland’s banking sector isn’t all in one basket anymore. Lots of it’s been moved out due to privacy issues. There are smaller banks out there that can still offer the privacy people need. It’s not as straightforward as it seems.
silentchadMember
Posts: 69 · Reputation: 248
#4Mar 30, 2023, 05:59 AM
With Trump in charge, anything can happen. He’s got this habit of going after anyone who doesn’t play ball with him. Switzerland used to be a safe haven for money, but if they don’t align with him, I wouldn’t be shocked if he cuts them off.
LoneBridgeSenior Member
Posts: 8 · Reputation: 1827
#5Mar 30, 2023, 07:51 AM
Yeah, but he's kinda preoccupied with the Middle East right now. If the war drags on, Denmark might even step in to help Switzerland. The US military’s got bases there, and they’ve got an interest in keeping Europe on their side.
f0rk_5tackNewbie
Posts: 124 · Reputation: 3
#6Mar 30, 2023, 08:17 AM
It’s not that simple tho. Switzerland’s a major financial hub with ties to many markets globally. Cutting them off would backfire and create chaos for international investors. Countries usually play it smart to avoid damaging their own economies.
Not sure why the US would even want to sanction Switzerland. The most he’d do is threaten tariffs, like he did with Canada. Switzerland’s got a good rep and isn’t a threat to the US. Going after them would just make him look desperate.
If they can criticize Trump without fear, they seem pretty confident in their position. Most countries just stay quiet even if the war affects them, because they don’t want to upset him.
silentchadMember
Posts: 69 · Reputation: 248
#9Mar 30, 2023, 04:16 PM
You must be mixing up Switzerland and Greenland. Greenland is an island, while Switzerland is a landlocked country in Europe. They’re both different scenarios.
gas_oracleMember
Posts: 76 · Reputation: 194
#10Apr 1, 2023, 12:32 PM
Yeah, that was a slip. Thanks for pointing that out. My point was about the US delaying its plans with Greenland to keep European support during this messy war.
bear_diamondMember
Posts: 30 · Reputation: 208
#11Apr 1, 2023, 12:58 PM
So the rumors about cutting them off came from denying access to airspace for attacks on Iran? He’s been throwing tantrums on social media like a child. It’s ridiculous how he’s handling things.
nonce_2018Member
Posts: 142 · Reputation: 110
#12Apr 1, 2023, 01:46 PM
Trump's just a puppet for the wealthy. He cuts medical care for the needy while handing out tax breaks to the rich. Swiss banks are where a lot of those wealthy folks stash their cash, so I doubt he’d go after them.
falcon_alphaMember
Posts: 167 · Reputation: 182
#13Apr 1, 2023, 05:18 PM
No way he can pull that off. His crew won’t let him harm their interests. Look at Greenland, he wanted that but it didn’t work out, and now he’s all about Iran instead.
its_matrixSenior Member
Posts: 264 · Reputation: 899
#14Apr 3, 2023, 06:21 PM
Exactly. Switzerland’s not China. They’ve got too much financial power. If Trump goes after them and causes a crash, those investors will just jump ship to other markets. They need to stay relevant.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#15Apr 3, 2023, 11:58 PM
Totally agree. He’s making the US look weak internationally. Anyone still backing him needs to rethink their stance. He’s creating distractions to enrich himself while ignoring real issues.