Swiss-U.S. Tariff Talks: A Race Against Time
Swiss President Karin Keller-Sutter is set for critical talks with U.S. Secretary of State Marco Rubio to avoid impending 39% tariffs on Swiss imports. The negotiations come as Switzerland aims to safeguard its export-driven economy, especially in sectors like watches, machinery, and chocolate, from major financial impact.
In an effort to stave off damaging U.S. tariffs, Swiss President Karin Keller-Sutter is scheduled to meet U.S. Secretary of State Marco Rubio on Wednesday. The talks aim to negotiate a reprieve from the 39% tariffs on Swiss imports, set to commence imminently, which threaten Switzerland's export-oriented economy.
President Keller-Sutter, alongside Business Minister Guy Parmelin, arrived in Washington for urgent discussions intended to prevent the steep import duties from affecting Swiss products, such as watches and chocolate, that are popular in the U.S. market. These tariffs were unexpectedly announced by U.S. President Donald Trump.
The outcome of these talks is crucial as the Swiss economy hangs in the balance, with thousands of jobs at stake. Swiss industry voices, including Swissmem's Noe Blancpain, have expressed strong support for the government's diplomatic efforts to secure a fair deal with the United States.
(With inputs from agencies.)
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