Today
Starting from April 1, the electronic point-based fine system will be launched.
+24°
пасмурно ветер 1.3 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

Iran Destroyed a Ukrainian Drone Warehouse in Dubai
Iran Destroyed a Ukrainian Drone Warehouse in Dubai
Iranian officials announced the destruction of a warehouse located in Dubai, specifically designed for drones belonging to Ukraine. This was reported by Zamin.uz. According to information provided
World Today, 15:23
The Uzbekistan-Afghanistan Joint Business Council has been established.
The Uzbekistan-Afghanistan Joint Business Council has been established.
Uzbekistan and Afghanistan held the first meeting of their Joint Business Council in Tashkent. Zamin.uz reported on this event. This meeting created new opportunities for developing trade and
World Today, 14:56
Trump Says He Agreed to Conditions for Ending the War
Trump Says He Agreed to Conditions for Ending the War
According to recent statements by U.S. President Donald Trump, the state of Iran has agreed to many of the proposed conditions for ending the war. Zamin.uz reported on this matter. However, the
World Today, 14:29
Photo of Sara Netanyahu with Epshteyn Widely Circulated Online
Photo of Sara Netanyahu with Epshteyn Widely Circulated Online
New and noteworthy information regarding Sara Netanyahu, the wife of Israeli Prime Minister Benjamin Netanyahu, has recently spread widely among internet users. Zamin.uz reported on this matter.
World Today, 13:49
The world's narrowest house has been completed in Peru
The world's narrowest house has been completed in Peru
The world's narrowest house has been completed in the district of Aucallama, located in the Huaura Province in northern Peru. Zamin.uz reported on this. This extraordinary building has a width
World Today, 13:29
The economy of Israel is suffering serious damage due to military conflicts.
The economy of Israel is suffering serious damage due to military conflicts.
Continuing military conflicts are causing significant damage to Israel's economy. Zamin.uz reports on this. The country is currently active in three directions: war with HAMAS, clashes with
World Today, 13:00