financetom
Economy
financetom
/
Economy
/
Swiss gold producers interested in setting up in US, says official
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Swiss gold producers interested in setting up in US, says official
Nov 14, 2025 9:25 AM

BERLIN, Nov 14 (Reuters) - Swiss gold producers are

interested in setting up shop in the United States in the

future, said a senior Swiss economic affairs official on Friday

at a press conference after a tariff agreement was reached with

Washington.

Gold, which is a large contributor to Switzerland's trade

surplus with the United States, remains exempt from tariffs,

according.

However, gold is not very profitable for Switzerland, with a

"very, very small margin of perhaps 1% or less," said Helene

Budliger Artieda, director of the State Secretariat for Economic

Affairs (SECO).

"But I believe it's important for them. For the U.S., it's

crucial to strengthen its gold market," Budliger added.

The United States will reduce its tariffs on goods from

Switzerland to 15% from a crippling 39% under a new framework

trade agreement that includes a pledge by Swiss companies to

invest $200 billion into the U.S. by the end of 2028, the Swiss

government said on Friday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved