Swiss-American Tariff Tango: High Stakes Diplomacy Between Bern and Washington
Swiss President Karin Keller-Sutter’s emergency trip to Washington failed to prevent a looming 39% tariff on Swiss exports to the U.S. Her appeal for a reduced 10% rate was rejected. The unexpected higher tariff poses economic threats for Switzerland’s export-heavy market, including prominent sectors like Swiss cheese.
Amid escalating trade tensions, Swiss President Karin Keller-Sutter made a last-minute diplomatic visit to Washington, seeking to avert a staggering 39% tariff on Swiss exports. Her mission for a compromise, notably aiming for a reduction to a 10% rate, ended without an agreement.
Despite a reportedly constructive meeting with U.S. Secretary of State Marco Rubio, Keller-Sutter did not meet President Donald Trump or top trade officials. Trump's tariff announcement has shaken Switzerland's export-driven economy, threatening sectors like Swiss watches and cheese.
While further negotiations remain a possibility, the Swiss government faces internal pressures over potential countermeasures, including calls to reevaluate defense purchases from the U.S. if the economic hit materializes.
(With inputs from agencies.)
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