Swiss Pres. set to leave Washington without reaching a tariff deal

Swiss Pres. set to leave Washington without reaching a tariff deal

• Fails to make a deal from the 39% tariff rate currently being charged to Swiss exports into the US

The Swiss president is leaving Washington without a tariff deal.Recall, the Trump administration set the Switzerland tariff rate at 39%. Trump said that Switzerland's $40 billion trade deficit is too big.

Swiss exports of watches, chocolate, machinery, and other non-pharma items face a major cost penalty entering the U.S., likely reducing competitiveness and hindering trade flows