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If Donald Trump prevails in the US presidential election on 5 November and introduces the announced trade tariffs, this would lead to global economic losses. The USA itself would suffer the most. However, according to KOF calculations, the Swiss would also be substantially affected with costs of at least CHF 200 per capita per year.

The Swiss tourism sector will continue to grow during the winter season. According to the KOF Tourism Forecast, Swiss guests and travellers from overseas markets such as the US will be the main drivers of the increase in overnight stays.