Published by Global Banking & Finance Review®
Posted on March 12, 2025
1 min readLast updated: January 24, 2026
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Switzerland seeks dialogue with the U.S. to address potential tariff impacts, emphasizing strong economic relations and market access.
ZURICH (Reuters) - Switzerland is closely following the impact of potential U.S. tariffs imposed by President Donald Trump and continues to pursue dialogue with his administration, the government said on Wednesday.
The State Secretariat for Economic Affairs (SECO) said Switzerland and the U.S. are close economic partners, adding that it wished to maintain the "best possible market access."
"Switzerland is continuing to seek talks with the Trump administration in order to further strengthen and deepen bilateral economic relations," SECO said in a statement.
SECO was responding to a question from Reuters about U.S. tariffs that took effect on Wednesday and whether it would join in with counter tariffs imposed by the European Union.
SECO said it was closely monitoring potential U.S. measures and analysing their possible consequences for the Swiss economy.
"Switzerland values economic freedom, entrepreneurship, appropriate regulation, and market-based economic policy," it added. "We remain committed to this."
The United States is a crucial market for Swiss products, taking nearly 19% of its goods exports in 2024.
(Reporting by Dave Graham and John Revill)
The article discusses Switzerland's efforts to engage in trade talks with the U.S. amid concerns over potential tariffs.
Switzerland is concerned because the U.S. is a significant market for its exports, and tariffs could impact economic relations.
SECO is monitoring the situation and analyzing the potential economic impacts of U.S. tariffs on Switzerland.
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