Swiss president: Switzerland should be one of the next countries for US deal

• Talks with Americans encouraging
• Have the impression the US is looking for tailor-made solutions with countries
• Pause on tariffs not to be lifted during negotiations
• Today the American side ‘clearly committed’ to accelerating talks
• Switzerland does not subsidize industry, but other countries may, these are the points the US is interested in
• Switzerland is now in a group of countries that are now treated swiftly

Switzerland has a large trade surplus with the United States and that’s led to a 31% tariff on Swiss imports that’s been lowered to 10% until July 8. That said, the imbalance is much smaller when excluding gold and gold trade is something that Trump referred to yesterday in the UK deal.

This article was written by Adam Button at www.forexlive.com.