Today
16-year-old Saudi footballer Turki Al-Saed passed away
+14°
ясно ветер 2 м/с, СВ

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

European Intelligence: The War in Ukraine Will Not End Soon
European Intelligence: The War in Ukraine Will Not End Soon
The heads of five European intelligence services are skeptical about predictions that the war in Ukraine will end soon. This was reported by Zamin.uz. In comments to Reuters agency, they emphasized
World Today, 00:32
Severe winter in Mongolia killed 26 thousand livestock
Severe winter in Mongolia killed 26 thousand livestock
More than 26 thousand livestock died as a result of the severe winter in Mongolia. This was reported by Zamin.uz. This situation arose due to a natural phenomenon called "dzud" in the
World Yesterday, 23:32
The US and Iran conflict increases the risk of war
The US and Iran conflict increases the risk of war
The tensions between the US and Iran are intensifying. This was reported by Zamin.uz. In Israel, preparations for this situation have also increased. The military has been ordered to maintain a high
World Yesterday, 23:08
A new park named after Babur will be established in Islamabad
A new park named after Babur will be established in Islamabad
A new park named after the great Uzbek statesman and poet Zahiriddin Muhammad Babur is planned to be established in Islamabad, the capital of Pakistan. This was reported by Zamin.uz. This park will
World Yesterday, 22:50
The first meeting of the "Peace Council" was held in Washington
The first meeting of the "Peace Council" was held in Washington
Today, on February 19, the first meeting of the "Peace Council" took place in Washington. This was reported by Zamin.uz. The event was broadcast live through the official platforms of the
World Yesterday, 22:18
The largest shark was photographed in Antarctica for the first time
The largest shark was photographed in Antarctica for the first time
Australian scientists have succeeded for the first time in capturing images of a large shark in the waters of the Antarctic region. This was reported by Zamin.uz. The predatory fish was recorded by
World Yesterday, 21:40