Today
Sweden won over Ukraine and advanced to the final
+19°
пасмурно ветер 1.2 м/с, СЗ

It is said that Trump delayed tariffs for three months due to the President of Switzerland

World
156
It is said that Trump postponed tariffs for three months due to the Swiss president
Photo: Swissinfo
Just a few hours before announcing a 90-day suspension of tariffs, Donald Trump had an important phone conversation with Swiss President and Finance Minister Karin Keller-Zutter.

According to Bloomberg, this conversation was one of the decisive factors in Trump's decision to soften his position in the trade confrontation.

At the same time, both the finance minister and the president of the country, Keller-Zutter, described the conversation that took place on April 9 as "open and constructive" on social media. She emphasized that Bern outlined its bilateral trade position and set paths for considering U.S. interests. The parties agreed to continue negotiations soon.

According to Bloomberg's analysis, the Swiss president got to the essence of the matter within half an hour and specifically emphasized facts that personally affected Trump's financial interests.

Keller-Zutter drew attention to her country's role in the U.S. economy: she highlighted that Switzerland ranks 6th in U.S. investments, 4th in the manufacturing sector, and 1st in research and development.

"I explained this to President Trump — and I think it played a significant role in the decision-making process," she said.

Previously, Trump intended to impose a 31 percent tariff on all goods coming from Switzerland — which is even higher than the 20 percent set for the European Union. This decision raised serious concerns in Bern: the Swiss economy is export-oriented, and such high tariffs would deal a severe blow to its key sectors.

Additionally, it became known that some luxury watch models of the "Trump Watches" brand are produced specifically in Switzerland. Among them are a $2,999 chronograph and a $100,000 Tourbillon model. Tariffs could have driven this production to the brink of bankruptcy.

At the same time, as the volume of gold imported from Switzerland to the U.S. sharply increased, and precious metal prices were setting historical records worldwide, Switzerland managed to achieve a suspension of tariffs.

Now the question arises: will Donald Trump reinstate tariffs after three months?

Similar news

The President of Ukraine made an unexpected visit to Saudi Arabia
The President of Ukraine made an unexpected visit to Saudi Arabia
According to international news agencies, Ukrainian President Volodymyr Zelenskyy arrived in Saudi Arabia on March 26 with an unannounced official visit. Zamin.uz reported this news. The
World Today, 02:19
The Trump administration is studying the possibility of oil prices reaching $100.
The Trump administration is studying the possibility of oil prices reaching $100.
The Bloomberg news agency, citing reliable sources, reported that officials under Donald Trump's administration are examining the scenario of oil prices rising to $200 per barrel. Zamin.uz
World Today, 00:46
Hezbollah Dealt a $75 Million Blow to Israeli Tanks
Hezbollah Dealt a $75 Million Blow to Israeli Tanks
American journalist Ethan Levin noted in his latest statement that the situation in the Middle East is becoming increasingly tense day by day. Zamin.uz reported on this. According to his report, the
World Today, 00:23
Tramp mocked Biden on stage with laughter
Tramp mocked Biden on stage with laughter
United States President Donald Trump highlighted his speech by mocking his predecessor Joe Biden during a meeting with Republican Party representatives. This was reported by Zamin.uz. On stage, he
World Today, 00:00
The Pentagon has developed four new military scenarios for Iran
The Pentagon has developed four new military scenarios for Iran
The situation in the Middle East is escalating daily, and the risk of disrupting peace in the region has increased. This was reported by Zamin.uz. In the absence of a diplomatic agreement, the US
World Yesterday, 23:23
A shooting occurred at a school in Russia against a teacher and a student.
A shooting occurred at a school in Russia against a teacher and a student.
Today, on March 26, a tragic incident occurred at the 32nd general education school in the city of Chelyabinsk, Russian Federation. This was reported by Zamin.uz. A ninth-grade student at the school
World Yesterday, 22:52