Investing.com -- Swiss Economy Minister Guy Parmelin confirmed on Thursday that Switzerland has not yet begun negotiations with the United States over trade tariffs.
The U.S. government had announced tariffs last week, which initially imposed steeper import tariffs on Switzerland compared to the European Union.
However, U.S. President Donald Trump made a temporary adjustment on Wednesday, reducing most tariff rates above 10% for nearly all countries.
This change brought some relief for Switzerland, but dealing with the newly imposed trade barriers remains a complex task, according to Parmelin.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
The U.S. government had announced tariffs last week, which initially imposed steeper import tariffs on Switzerland compared to the European Union.
However, U.S. President Donald Trump made a temporary adjustment on Wednesday, reducing most tariff rates above 10% for nearly all countries.
This change brought some relief for Switzerland, but dealing with the newly imposed trade barriers remains a complex task, according to Parmelin.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
