The Guardian

Trump accused of caving to big business after deal to cut Swiss tariffs to 15%


Rolex denies ‘any negotiation’ with US although luxury watchmaker entertained Trump and gave him gold clock

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Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters.

The two countries have signed a “non-binding memorandum of understanding”, the Swiss government announced, following bilateral talks in Washington and intense lobbying by Swiss firms.

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Source link : https://www.theguardian.com/us-news/2025/nov/14/tariffs-swiss-goods-reduced

Author : Callum Jones in New York

Publish date : 2025-11-14 21:24:00

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