Swiss President Karin Keller-Sutter said she was talking about business relations at her meeting with US Foreign Minister Marco Rubio, trying to avert 39% of fees on Thursday.
“We discussed bilateral cooperation between Switzerland and the USA, tariff situations and international questions,” she said after a meeting in Washington at the X. The US Foreign Ministry does not conduct negotiations on bilateral stores.
On Tuesday, the Swiss President ran in the US capital when trying to prevent her American counterpart from the highest tariff of any developed nation in Switzerland. Donald Trump announced the measure last week and is ready to enter on Thursday – leaving the Swiss with a fixed window to try to influence it.
According to a person familiar with this matter, Keller-Sutter traveled to America without a formal invitation from the White House, so it remains to find out if the US President agrees with the meeting.
Last Thursday they spoke on the phone, and Trump said CNBC that “the woman was nice but did not want to listen” his complaint about the massive surplus of business trade with the US.
Asked about the latest in Switzerland, the director of the National Economic Council, Kevin Hassett, said “I don’t know any changes since yesterday, but it’s a fast moving thing.”
“You know, Switzerland is coming and trying to reconnect their tariffs and see how it goes,” Fox said Business.
The level of Trump’s tariff after the conversations was amazed by the Swiss Swiss, which looked promising. If the rate of tariffs entered into force across the deck – including drugs -, according to Bloomberg Economics, it would expose up to 1% of Economic Production of Switzerland.
The paradox faced by the Swiss President-Kirty is also the Minister of Finance of her country-is that any concessions can be politically costly without meaningfully limiting the US trade gap.
The overlap of $ 38 billion since last year is probably the main obstacle to any agreement. The nature of the massive Swiss surplus with the US – especially for gold, medicines, watches and medical devices – means that a rapid reduction is unlikely.
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(Tagstotranslate) Swiss President (T) Trade Relations (T) American Foreign Minister (T) Tariff Situation (T) US-Switzerland
