Thank Switzerland for the China-US Tariff Truce – Then Copy Its Playbook
- Following a meeting between President Karin Keller-Sutter and U.S. Treasury Secretary Scott Bessent in May 2025, Switzerland and the United States decided to expedite negotiations on trade issues.
- The talks follow U.S. Import duties initially set at 31% on Swiss products under President Trump’s tariffs policy, prompting Switzerland to seek mitigation measures.
- Officials discussed non-tariff measures such as simplifying medical device approvals and extended short-time working compensation from 12 to 18 months to support Swiss companies.
- Bern characterized the situation as “very challenging” yet anticipates no major economic downturn, while focusing on safeguarding employment, enhancing access to the U.S. Market, and addressing customs-related challenges with American authorities.
- The Swiss government agreed on a draft negotiating mandate covering trade, vocational training, and tax issues, which will be submitted to parliament and cantons for approval.
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Agricultural Tariffs, Investments, Taxes: Federal Council Decides Negotiating Mandate with the USA
The talks between Bern and Washington on the customs dispute seem to have made some progress, at least to the point where the Swiss government is now presenting a concrete negotiating mandate.
·Zürich, Switzerland
Read Full ArticleSwiss government agrees negotiating mandate on tariffs with U.S
ZURICH - The Swiss government wants to resolve customs issues with the United States and has agreed a draft negotiating mandate on trade and economic matters to be sent to parliament's foreign policy committees and the cantons, it said on Wednesday. Read more at straitstimes.com.
·Singapore
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Total News Sources14
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
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C 25%
R 50%
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