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Swiss Economy Minister has 'very constructive' conversation with US Trade Representative

Published by Global Banking & Finance Review

Posted on November 7, 2025

2 min read

· Last updated: January 21, 2026

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Swiss Economy Minister has 'very constructive' conversation with US Trade Representative
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ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin said on Friday he had a "very constructive" conversation with U.S. Trade Representative Jamieson Greer, as the country seeks to reduce tariffs of

Swiss Economy Minister Engages in Positive Talks with U.S. Trade Chief

Swiss-U.S. Trade Relations and Tariff Discussions

ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin said on Friday he had a "very constructive" conversation with U.S. Trade Representative Jamieson Greer, as the country seeks to reduce tariffs of 39% imposed on its exports to the U.S. by President Donald Trump.

"Great dynamic in our bilateral relations," Parmelin wrote on X, following the conversation on Friday afternoon, with trade and investment among the topics covered.

The Economic Affairs Department declined to give further details.

Government's Efforts to Reduce Tariffs

The Swiss government is turning on the charm to win some respite from the tariffs, which threaten Swiss access to one of its biggest export markets.

Business Leaders' Involvement

Also on Friday Swiss Finance Minister Karin Keller-Sutter said she had spoken with new U.S. Ambassador Callista Gingrich.

Swiss companies have also been working to persuade Trump to reduce the tariffs, with a delegation of business leaders meeting Trump in the White House on Tuesday.

That initiative has been welcomed by the Swiss government, which said diplomatic and political exchanges were ongoing with the goal of reducing the U.S. import duties.

(Reporting by John Revill, Editing by Louise Heavens, Alexandra Hudson)

Key Takeaways

  • Swiss Economy Minister had constructive talks with U.S. Trade Representative.
  • Discussions focused on reducing 39% tariffs on Swiss exports.
  • Swiss government and business leaders are actively engaging with U.S. counterparts.
  • Efforts aim to improve Swiss access to the U.S. market.
  • Ongoing diplomatic exchanges to address trade issues.

Frequently Asked Questions

What is economic growth?
Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
What is business investment?
Business investment involves the allocation of resources, such as capital or labor, into business ventures with the expectation of generating profit.
What is financial management?
Financial management is the strategic planning, organizing, directing, and controlling of financial activities in an organization.

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