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Published by Global Banking & Finance Review®
Posted on March 13, 2026
2 min read
Last updated: March 13, 2026
Switzerland’s Position and Progress in US Trade Negotiations
Mandate for Trade Negotiations
ZURICH, March 13 (Reuters) – Switzerland is sticking to its existing mandate for trade negotiations with the United States that aim to finalise a deal over tariffs struck last year, Economy Minister Guy Parmelin said on Friday.
US Trade Investigations and Switzerland’s Response
Parmelin was speaking after the United States said on Wednesday it was launching trade investigations into excess industrial capacity in 16 major trading partners, including Switzerland, and into allegations of forced labour.
Consultations with Affected Countries
“And we will most certainly also consult with these countries to see how to respond to the United States,” Parmelin told reporters at a press conference.
Background on Tariffs and Recent Developments
Imposition of US Tariffs on Switzerland
Switzerland was subject to the highest U.S. tariffs in Europe when U.S. President Donald Trump imposed in August a 39% duty on products imported from the country.
Initial Tariff Reduction Agreement
In November, Bern sealed an initial deal that cut the tariffs to 15%, mirroring the rate for the European Union.
Ongoing Negotiations to Formalise the Deal
Switzerland has since begun talks to formalise that deal, which Washington has been pressing to conclude by the end of March.
“The negotiations and discussions are continuing,” said Parmelin, who is also Switzerland’s president for 2026.
(Reporting by Dave Graham, Editing by Miranda Murray)