The post Switzerland’s president jets to the U.S. to offer Trump a ‘more attractive tariff offer’ appeared on BitcoinEthereumNews.com.

The Swiss president heads to the U.S. in a bid to make a better counteroffer to Trump’s 39% tariff. An angry Trump allegedly set the new rate “randomly” after a heated 20-minute phone call. He accused the Swiss president of failing to offer anything to balance the $40B trade deficit between the U.S. and Switzerland. Keller-Sutter said Trump’s notion that Switzerland was “stealing” from the U.S. was “absurd.” She said the decision to hit her country with a tariff rate that was “commensurate with the trade deficit” was unfair. Keller-Sutter said the Swiss State Secretariat for Economic Affairs had already contacted its U.S. counterparts for more negotiations. However, the U.S. government had not made any official response. The only clear thing was that Trump wanted Switzerland to increase its offer. The Swiss government stated that it was entering the next phase of negotiations, ready to take U.S. concerns into account. However, it stressed that it was not considering any countermeasures, although it did not disclose details about its offer. The 39% tariffs are estimated to impact nearly 60% of Swiss exports to the U.S., its largest market. That will supposedly leave few options for Swiss watches, chocolate, and machinery.  Hans Gerbach, an economist at the ETH University in Zurich, also estimates the tariffs to reduce Switzerland’s GDP by between 0.3% and 0.6%. If the “untouched” pharmaceutical sector is included, the effect could reduce the GDP by over 0.7%, with possibilities of up to 1% reduction in the long-term. Keller-Sutter says Trump is focused on trade deficits The Swiss President claimed that Trump was more focused on trade deficits because he saw it as an economic loss for his country. Official data revealed that Switzerland had a trade surplus of about 38.5 million CHF (~€41.2B) with the U.S. in 2024. Trump…

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Filed under: News - @ August 5, 2025 2:27 pm