financetom
Economy
financetom
/
Economy
/
Swiss president strikes cautious note on prospects for US tariff deal in 2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Swiss president strikes cautious note on prospects for US tariff deal in 2025
Oct 23, 2025 11:47 PM

ZURICH, Oct 24 (Reuters) - Swiss President Karin

Keller-Sutter declined to say whether her country could this

year strike a deal on tariffs with U.S. President Donald Trump,

following trade tensions that have strained relations between

the two nations.

"It's not possible to forecast," Keller-Sutter said in a

Tages-Anzeiger newspaper interview published on Friday when

asked about the possibility of an agreement in 2025. "Everything

depends on whether the U.S. president gives the green light or

not."

Following a call with Keller-Sutter in late July, Trump

imposed 39% tariffs on Switzerland in August, justifying them by

the size of the U.S. trade deficit with the Alpine country.

Keller-Sutter drew domestic criticism for her handling of

the call, and Trump later publicly complained she "didn't want

to listen" to his concerns about the U.S. deficit.

Since then, the Swiss government has been working to get a

better tariff deal with Trump, pitching a package of investment

pledges and proposals aimed at reducing the U.S. deficit.

Keller-Sutter, whose term in office under Switzerland's

one-year rotating presidency concludes at the end of 2025, said

Swiss officials are continuing to talk to the U.S. about

tariffs.

She observed that while U.S. tariffs affect less than 10% of

all Swiss goods exports, some areas are being hit hard, noting

that Swiss makers of machinery were already under pressure due

to challenges such as economic weakness in neighbouring Germany.

(Writing by Dave Graham, editing by Kirsti Knolle)

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 >
US weekly jobless claims unexpectedly rise
US weekly jobless claims unexpectedly rise
Dec 12, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 242,000 for the week ended Dec....
Producer Inflation Rises More Than Expected To 3% In November: All Eyes On The Fed's Interest Rate Call
Producer Inflation Rises More Than Expected To 3% In November: All Eyes On The Fed's Interest Rate Call
Dec 12, 2024
The inflation measured on U.S. producer prices rose more sharply than anticipated in November, marking its second consecutive increase and casting a shadow over the broader outlook for disinflation in the economy. In November, the producer price index increased by 3% year-over-year — the highest since February 2023 — marking a significant uptick from October’s upwardly revised 2.6% and economist...
US Dollar Falls Early Thursday Ahead of Weekly Jobless Claims, Producer Prices, Natural Gas Storage Data
US Dollar Falls Early Thursday Ahead of Weekly Jobless Claims, Producer Prices, Natural Gas Storage Data
Dec 12, 2024
07:56 AM EST, 12/12/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday, except for a gain versus the pound, ahead of the release of weekly jobless claims and producer prices for November, both at 8:30 am ET. Weekly natural gas storage data are scheduled to be released at 10:30 am ET. A quick summary...
US producer price increase exceeds expectations in November
US producer price increase exceeds expectations in November
Dec 12, 2024
WASHINGTON (Reuters) - U.S. producer prices rose more than expected in November amid a surge in the cost of food, but a moderation in the prices of services offered hope that the disinflationary trend remains in place. The producer price index for final demand jumped 0.4% last month after an upwardly revised 0.3% increase in October, the Labor Department's Bureau...
Copyright 2023-2026 - www.financetom.com All Rights Reserved