Switzerland nears deal to cut US tariffs to 15% after business push
European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward
European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward

Trump’s trade representative Jamieson Greer says tariffs will be reduced to 15%, ending months-long dispute with Bern

New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April

Swiss groups are involved in deals across sectors, defying currency moves and US tariffs

Economy contracted in the third quarter as pharmaceutical and chemical sectors saw ‘sharp decline’

Karin Keller-Sutter and economy minister Guy Parmelin’s Washington trip follows Trump decision to hit country with steep tariffs

Agreement lifts blockade on approvals of new Swiss investment advisers to pursue American wealth management