Switzerland says hopes for trade talks with the US to yield a result by July

• Hope that by the beginning of July, we will have a result from discussions with the US
• Need to diversify; important not to depend on single trading partner

As a reminder, Switzerland was slapped with 31% tariffs from the initial announcement in April as they are being treated separately from the EU. However, now the tables have turned a little with Trump threatening the latter with 50% tariffs upon the same deadline in July. Tick tock, tick tock. Six more weeks to go.

This article was written by Justin Low at www.forexlive.com.