Switzerland and the U.S. have finally struck a deal to slash Donald Trump’s hefty 39% tariffs on Swiss exports down to 15%.
But not without a dramatic diplomatic dance.
The price? Switzerland has agreed to pump a massive $200 billion into the U.S. economy by 2028. Worth it? Swiss officials certainly think so.
“It’s a great relief for our economy,” said Swiss Economics Minister Guy Parmelin.
He admitted the tariffs had hit Swiss industries hard since last August.
And what turned things around? Surprisingly, not high-level political talks — but Swiss business leaders showing up at the White House with gifts.
These included a gold Rolex and an engraved gold bar. Who knew trade negotiations could feel like a luxury auction?
Trade Gains Loom
Trump, who previously brushed off Swiss President Karin Keller-Sutter, seemed far more receptive.
This came after meeting CEOs like Rolex’s Jean-Frédéric Dufour.
Soon after, a Rolex desk clock appeared on Trump’s Oval Office desk. Coincidence?
U.S. Trade Representative Jamieson Greer hailed the deal as another example of Trump’s “unmatched dealmaking.”
Swiss industries breathed a collective sigh of relief.
Tech exports to the U.S. had plunged more than 14% — a worrying trend that couldn’t continue.
Switzerland will also drop tariffs on select U.S. meat imports.
Swiss companies plan major American expansions in pharmaceuticals, aviation, trains, and even gold refining.
The agreement still needs Swiss parliamentary approval — and a public referendum.
Because in Switzerland, even billion-dollar diplomacy ends up on the ballot.
