Switzerland Moves Close to an Improved 15% Tariff Deal [Yahoo! Finance Canada]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, according to people familiar with the matter. A deal may be concluded within the next two weeks, said the people, who declined to be identified discussing ongoing negotiations. They also warned that nothing is finalized and the talks could still come undone, as happened during discussions between US and Swiss trade negotiators in late July. Most Read from Bloomberg US President Donald Trump later confirmed his administration was “working on a deal to get their tariffs a little bit lower.” “I haven't said any number,” he added when asked about a 15% rate. “But we're going to be working on something to help Switzerland along. We hit Switzerland very hard. We want Switzerland to remain successful.” A spokesperson for the Swiss government declined to comment. The Office of the US Trade Representati
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