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Swiss finance minister says tariff deal with US depends on Trump
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Swiss finance minister says tariff deal with US depends on Trump
Nov 6, 2025 5:44 AM

ZURICH, Nov 6 (Reuters) - Swiss efforts to secure a more

favourable trade relationship with the U.S. are ongoing, Finance

Minister Karin Keller-Sutter said on Thursday, after Swiss

corporate bosses met with U.S. President Donald Trump earlier

this week.

Switzerland was left reeling after Trump imposed tariffs of 39%

on Swiss imports in August, among the highest duties levied in

his global trade reset.

Keller-Sutter, who has come under fire for her handling of

the dispute, said she had fulfilled her duties as Switzerland's

president when she spoke to Trump before the tariffs

announcement.

"He did not agree with the negotiated agreement. Period,"

she told newspaper Blick in an article published on Thursday.

"We have to live with that. The talks are continuing."

She remained tight-lipped on the negotiations, or whether an

agreement could be reached this year.

"Ultimately, it is up to the U.S. president to decide

whether or not to agree to a deal," Keller-Sutter said.

Swiss companies have also been working to persuade Trump to

reduce the tariffs, with a delegation of business leaders

meeting Trump in the White House on Tuesday.

The group, which included executives from shipping company

MSC, watchmaker Rolex, investment firm Partners Group,

commodities trader Mercuria, Cartier-owner Richemont and

precious metals firm MKS, had organised to draw attention to the

consequences of U.S. tariffs on their companies, Switzerland's

economy ministry said.

The government welcomed the initiative.

"Diplomatic and political exchanges are continuing with a

view to achieving a rapid reduction in additional tariffs," the

ministry added.

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