Swiss President Karin Keller-Sutter is rushing to Washington to negotiate a potential deal to reduce the 39% tariffs imposed by Trump, facing political and economic challenges, with possible concessions in agriculture, gold, military purchases, pharmaceuticals, and energy, amid a tense diplomatic environment.
Switzerland's president and officials traveled to Washington to negotiate with the US over steep tariffs that threaten Swiss exports, including chocolates, machinery, and watches, amid tensions and criticism over the handling of the trade dispute.
Switzerland's president Karin Keller-Sutter faced criticism after a contentious call with Donald Trump allegedly led to the US imposing a 39% export tariff on Swiss goods, causing market turmoil and raising concerns about economic impact and diplomatic negotiations.
Switzerland faces a diplomatic setback after the US unexpectedly imposes a 39% tariff on the country, leading to criticism of Swiss officials and industry sectors, amid failed trade negotiations and internal blame.
Karin Keller-Sutter, the finance minister of Switzerland, played a key role in the rescue of Credit Suisse, which was facing a crisis due to its exposure to the collapse of Archegos Capital Management. Keller-Sutter's intervention helped to prevent a potential systemic risk to the Swiss banking system.