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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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larepublica.co broke the news in Bogotá, Colombia on Wednesday, May 28, 2025.
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