Swiss Tariff Deal Push Hits Roadblock in Heated Trump Call

Switzerland’s 11 -hour telephone conversation with Donald Trump presented a harsh reality control to the country: a trade agreement agreement is not an agreement unless the US has personally closed the president.

On Thursday, at 20.00-Washington, 14:00-President Keller-Sutter spoke to American colleague and discovered that the two leaders had very different views on the justice of the bilateral trade relations.

The clock has added urgency, Trump’s higher taxes on imports have only been 10 hours to enter into force for many economies on Friday.

Tariff audience: Trump’s trade war and economic impact

Instead of thinking about a wider picture including services, foreign investments and Swiss cooperation proposals, Trump resets Switzerland’s trading surplus according to a Swiss official on the call.

For Trump, a goods trade imbalance of approximately $ 40 billion resemble the US to steal and asked the Swiss to increase his offer.

When Keller-Sutter did not offer anything to see the change of trade balance, Trump was so angry that 39% imposed on the Swiss hours was more or less randomly chosen than a person who knew the subject.

Keller-Sutter, the concept of Switzerland’s essence of money from the United States, and therefore a tariff ratio proportional to the trade deficit should be hit, he said is “ridiculous”, he said.

Keller-Sutter said on Friday that the Swiss State Secretariat, which negotiated on tariff and trade issues, said that the Secretariat of Economic Affairs has already made the first contact with US colleagues. If there is, it is not clear what happened from the US government.

According to the Swiss newspaper Schweiz Am Wochennende, when the new tariffs will come into play, Washington was asked to take a last-minute trip before August 7, Keller-Sutter said, orum I don’t ignore such a visit, but first should approach each other in the two-sides. ”

This ratio would make Switzerland a major disadvantage to the member states of the European Union, which negotiated a preliminary agreement with Trump for a 15% tariff in EU goods, while committing Switzerland to investments in the US economy and the exports of the country.

Trump’s focus on property imbalance surprised Switzerland more than a month before withdrawing the framework of an agreement approved by the Swiss government on 4 July.

Both Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer accepted the draft according to two people who knew the issue, so he believed that a last head shaking from the Swiss Trump administration would be more formality.

The White House Press Office did not respond immediately to the request for comment.

A White House official speaking on the condition of anonymity depicted the result of his call that Switzerland refused to make meaningful concessions on trade barriers. A person said that a country that is very rich will not get an agreement without great concessions.

Bloomberg, most importantly, said the draft contains the exemptions of US tariffs for important Switzerland’s major drug producers.

On Friday, Trump’s executive order, which reveals global tariff rates, determined the date of entry into force on August 7, and said that Greer was designed to encourage manufacturers to produce producers such as pharmaceutical companies.

Bloomberg said to his television, “We haven’t reached an agreement in the best way to reduce this trade deficit,” Bloomberg said. “They send a tremendous amount of medicine to our country. We want to make pharmaceuticals in our country.”

Greer said that Switzerland-US negotiators have prepared a ready-made agreement with a ready-to-sign agreement.

“The truth is: all countries, you trade back and forth documents, and then you take them back to your leaders to guide them,” he said. “And so nothing is accepted until everything is accepted – this is what every trade negotiator knows.”

The Swiss government refused to comment on the phone call.

Nevertheless, in the Bloomberg TV interview, Greer said that the new talks before that date were “not my focus”.

If countries call for negotiation, he said, “I will always talk to these people and if they have offers, I will talk to them and I will talk to the president.” “We focus on the application and focus on the right to change the trade system with someone who benefits American workers.”

With the help of Annmarie Hordern, Lisa Abramowicz, Dani Burger and Hugo Miller.

This article was created from an automatic news agency feeding without changing the text.