Overview
- President Trump said the United States is working with Switzerland on an agreement to lower tariffs, offering no details.
- Bloomberg reported Switzerland is close to a deal that would reduce U.S. duties to about 15 percent, possibly within two weeks, though this remains unconfirmed.
- The Swiss government declined to comment on the reported negotiations or timing.
- Talks accelerated after Swiss business leaders met Trump at the White House, and he instructed Trade Representative Jamieson Greer to intensify direct discussions.
- Switzerland has proposed investment commitments and steps to reduce the U.S. trade deficit, with Swiss media reporting offers under discussion including shifting gold refining to the U.S., boosting pharma investment, and increasing purchases of U.S.-made aircraft.