Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleSwiss Minister Guy Parmelin confirms no trade talks with the U.S. after recent tariff announcements, impacting Swiss imports.
ZURICH (Reuters) - Swiss Economy Minister Guy Parmelin said on Thursday there are no negotiations yet with the United States over trade following the U.S. government's decision to announce tariffs last week.
Switzerland was shocked to initially be hit with steeper U.S. import tariffs than the European Union, until President Donald Trump temporarily reduced most of the rates above 10% for nearly all countries on Wednesday.
That was an improvement for Switzerland, but coping with added trade barriers was never simple, Parmelin said.
(Reporting by Dave Graham, Editing by Friederike Heine)
The main topic is the lack of current trade negotiations between Switzerland and the U.S. following recent tariff announcements.
Swiss tariffs were initially higher than the EU's due to U.S. trade policy decisions, later adjusted by President Trump.
Switzerland is coping with the added trade barriers, despite temporary reductions in tariffs by the U.S.
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