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    1. Home
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    3. >Germany, Switzerland, Austria press US to pursue stable trade ties
    Finance

    Germany, Switzerland, Austria press US to pursue stable trade ties

    Published by Global Banking & Finance Review®

    Posted on February 27, 2026

    2 min read

    Last updated: February 27, 2026

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    Tags:FinanceTrade PolicyTariffsEuropeUnited StatesSwitzerlandGermanyAustria

    Quick Summary

    Economy ministers from Germany, Switzerland, Austria and Liechtenstein urged Washington to restore predictable trade policy after the U.S. Supreme Court ruled on Feb. 20, 2026 that Trump-era IEEPA tariffs lacked legal authority, deepening uncertainty over next steps and refunds. Swiss officials fram

    Germany, Switzerland, Austria and Liechtenstein urge stable US trade ties

    European ministers call for stable U.S. trade relations amid policy uncertainty

    Zurich meeting highlights need to strengthen economic cooperation

    ZURICH, Feb 27 (Reuters) - The economy ministers of Germany, Switzerland, Austria and Liechtenstein on Friday urged the United States to pursue stable trade relations and said it was vital to strengthen economic cooperation while uncertainty over U.S. policy persists.

    Speaking a week after the U.S. Supreme Court struck down sweeping tariffs imposed last year by President Donald Trump, the ministers stressed the need to boost competitiveness and remove barriers to trade following a meeting in Zurich.

    Germany warns tariffs harm trade and the U.S. economy

    Reiche says export-oriented economies rely on predictable ties

    German Economy Minister Katherina Reiche said the export-oriented economies of the four German-speaking countries relied on stable trade relations and that tariffs were damaging both to international commerce and the U.S. economy.

    Tariffs seen as fueling higher consumer prices

    "The tariffs have simply led to higher consumer prices," Reiche told reporters at a press conference alongside her counterparts from the other three countries.

    Switzerland seeks clarity in talks with Washington

    Parmelin says uncertainty hurts business conditions

    Her Swiss counterpart Guy Parmelin, who is also the country's president for 2026, said uncertainty over trading conditions was detrimental to business and that this would be part of Switzerland's ongoing trade discussions with Washington.

    Call for faster resolution to create a win-win outcome

    "The sooner the United States brings clarity, the better the situation will be for everyone," Parmelin said. "That will then really be a win-win situation and not a lose-lose one."

    Austria urges Europe to diversify market access

    Hattmannsdorfer calls for EU confidence amid erratic policy

    Austrian Economy Minister Wolfgang Hattmannsdorfer said while U.S. policy continued to be erratic, it was vital for European economies to diversify and expand their market access.

    Message to EU: act with clarity and self-confidence

    "We don't need to be afraid of Donald Trump, and shouldn't be," Hattmannsdorfer said. "Now's the time for the European Union to act with self-confidence and with clarity."

    Credits

    (Reporting by Dave Graham, editing by Linda Pasquini and Thomas Seythal)

    References

    • US Supreme Court invalidates IEEPA tariffs: PwC
    • Reduction in US additional tariffs to enter into force retroactively
    • FedEx says it will return to customers any refunds it gets back from Trump's illegal tariffs

    Key Takeaways

    • •Policy whiplash is now the core trade risk: the Supreme Court’s Feb. 20, 2026 decision invalidating IEEPA-based tariffs removed one layer of duties but left businesses facing ongoing uncertainty around replacement measures and how (or whether) refunds will be administered. (pwc.com)

    Frequently Asked Questions about Germany, Switzerland, Austria press US to pursue stable trade ties

    1Which countries urged the United States to pursue stable trade relations?

    The economy ministers of Germany, Switzerland, Austria and Liechtenstein called on the United States to pursue stable trade relations.

    2

    Table of Contents

    • European ministers call for stable U.S. trade relations amid policy uncertainty
    • Zurich meeting highlights need to strengthen economic cooperation
    • Germany warns tariffs harm trade and the U.S. economy
    • Reiche says export-oriented economies rely on predictable ties
    • Tariffs seen as fueling higher consumer prices
    • Switzerland seeks clarity in talks with Washington
    • Parmelin says uncertainty hurts business conditions
    • Call for faster resolution to create a win-win outcome
    • Austria urges Europe to diversify market access
    • Hattmannsdorfer calls for EU confidence amid erratic policy
    • Message to EU: act with clarity and self-confidence
    • Credits
    •
    Switzerland (and Liechtenstein) already has a parallel, tariff-ceiling framework with the U.S.: a 15% cap on certain additional tariffs, retroactive to Nov. 14, 2025, paired with Swiss tariff cuts/quotas for select U.S. farm products—making Bern especially sensitive to any new U.S. shift that reopens market-access questions. (geo.admin.ch)
  • •The ministers’ message mirrors domestic U.S. fallout: multiple companies are pursuing recovery of tariff costs, and large refund numbers are being debated publicly—reinforcing the ministers’ argument that tariffs ultimately fed through into higher prices and business disruption rather than clean ‘wins’ for either side. (apnews.com)
  • What event preceded the ministers' call for stable trade ties?

    The comments came a week after the U.S. Supreme Court struck down sweeping tariffs imposed last year by President Donald Trump.

    3Why did Germany’s economy minister say tariffs were harmful?

    German Economy Minister Katherina Reiche said tariffs were damaging to international commerce and the U.S. economy and had led to higher consumer prices.

    4What did Switzerland’s economy minister say about trade uncertainty?

    Swiss Economy Minister Guy Parmelin said uncertainty over trading conditions was detrimental to business and that clarity from the United States would improve the situation for everyone.

    5How did Austria’s economy minister say Europe should respond to erratic U.S. policy?

    Austrian Economy Minister Wolfgang Hattmannsdorfer said it was vital for European economies to diversify and expand market access, and that the EU should act with self-confidence and clarity.

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