Swiss Government Confirms Ongoing Talks With U.S. on Reducing 39% Tariffs, Meets Pharma Firms, Swiss Air Lines Involved

The Swiss government has confirmed ongoing tariff discussions with the United States, focusing primarily on reducing the additional US tariffs imposed on Swiss goods. While no further details on the talks have been disclosed, the government emphasized that companies cannot circumvent the 39% US tariff by routing exports through neighboring Liechtenstein. In response to these tariffs, the Swiss government plans to meet with pharmaceutical firms to discuss the impact and potential strategies. Additionally, Swiss International Air Lines is considering importing planes as part of efforts to address the tariffs and maintain trade balance amid the negotiations. The tariffs stem from policies enacted during the Trump administration, prompting Switzerland to reassess its global economic position.