Switzerland will continue talks with the United States, its president said on Thursday, after President Donald Trumpplaced crippling import tariffs on Swiss goods, which threaten to inflict serious damage on its export-focused economy.

One of Donald Trump’s highest tariffs is now in effect on Switzerland after the government failed in its last-ditch effort to get the US president to lower the rate.

Looking for a textbook example of the uncertainty Trump has created with his global trade war – abetted by wars in Ukraine and Gaza – look no further than Switzerland.