The Swiss president is leaving Washington without a tariff deal.Recall, the Trump administration set the Switzerland tariff rate at 39%. Trump said that Switzerland’s $40 billion trade deficit is too big.
Swiss exports of watches, chocolate, machinery, and other non-pharma items face a major cost penalty entering the U.S., likely reducing competitiveness and hindering trade flows
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This article was written by Greg Michalowski at investinglive.com.