After Great Britain, Switzerland is hoping for the next trade deal with the USA. Before the first rank-high ministerial meeting between China and the USA in Geneva this weekend to settle bilateral customs dispute this weekend, the Swiss even made progress in conversation with the Americans: Federal President Karin Keller-Sutter said.
At the weekend, US Finance Minister Scott Bessent and the US trade officer Jamieson Greer in Geneva meet with the Chinese Vice Prime Minister He Lifeng. Both countries have proven with tariffs of well over 100 percent, which, according to better words, is equivalent to a trade embargo. They want to talk about reducing tensions.
In the coming one to two weeks, the Swiss President expects a declaration of intent in the coming, which should then result in a fundamental agreement. “We hope that we are the second country with which the USA can communicate,” she said.
US President Donald Trump had imposed tariffs of 31 percent on Swiss products. They are exposed to products from other countries like additional tariffs for the time being. In general, Trump has imposed ten percent tariffs on almost everything from all over the world. “Our goal is to return to zero percent,” said Keller-Sutter.
Switzerland emphasizes that it does not raise tariffs on industrial products and want to invest Swiss entrepreneurs in the United States over the next four years. Among other things, it was also talked about subsidies and taxes. The United States has been explained why Swiss agriculture needed protection, said Minister of Economics and winegrowers Guy Parmelin.