Switzerland heads to Washington to seal tariff-cutting deal

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Switzerland is making a high-level push to wrap up a new trade agreement with the United States, with Economy Minister Guy Parmelin and State Secretary Helene Budliger Artieda travelling to Washington for final talks, according to Bloomberg. The negotiations aim to secure lower U.S. tariffs on a wide range of Swiss exports, a long-standing priority for Bern as it looks to ease the cost burden on its exporters.Reuters reported earlier that Switzerland may seal the deal as soon as Thursday or Friday, with the agreement expected to bring U.S. duties down to around 15% on qualifying Swiss goods. Securing such terms would mark a significant improvement in bilateral trade conditions and offer Swiss exporters more certainty amid a global environment of shifting tariff regimes. ---A lower U.S. tariff rate would ease cost pressures for Swiss manufacturers and specialty exporters, potentially lifting competitiveness in key sectors such as pharmaceuticals, machinery, and luxury goods. The deal adds another layer to the evolving global tariff landscape, with markets watching for knock-on effects across European trade partners. This article was written by Eamonn Sheridan at investinglive.com.