Swiss government adopts draft negotiating mandate for trade agreement with the US

• Prepared to consider further tariff concessions on products originating in the US
• That only provided that the US is also willing to grant more concessions
• Committed to further improve access to the US market

It’s not the first time that they adopted a draft mandate in dealing with US tariffs in this whole saga. As a reminder, the Swiss government also did the same already in May but back then the tariffs imposed were much higher. They have since been reduced to 15% on 14 November last month. So, the negotiating mandate here is to account for the change. The full press release on what concessions were made by the two sides can be found here.

This article was written by Justin Low at investinglive.com.