Trump could sign Swiss trade deal as early as today
Swiss watchmakers are optimistic about a potential reduction in the 39% additional tariff on exports to the United States, with reports suggesting the rate could drop to 15% as early as today (Thursday). Following a recent Oval Office meeting that improved the atmosphere around negotiations, discussions led by Switzerland's economy minister Guy Parmelin and U.S. trade representative Jamieson Greer have become increasingly positive. The details of any agreement, however, still need to be finalized and approved by President Trump. Trump has indicated a willingness to lower the tariffs, mentioning ongoing efforts to reach a deal that would benefit both countries. While Swiss watchmakers have engaged in a charm offensive aimed at easing tensions, a successful trade deal may also hinge on securing concessions from Switzerland in areas such as defense, energy, gold, and pharmaceuticals, making the outcome uncertain.
