Swiss Relief: Trump Confirms US Is Working on Deal to Reduce Tariffs
Youtube·2025-11-11 06:51
Group 1 - The Swiss are optimistic about reducing the tax rate to 15%, aligning it with the EU, which would provide significant relief for Switzerland [1] - Donald Trump expressed the possibility of a deal soon but did not confirm the 15% figure [2] - Swiss billionaires and executives have engaged in a charm offensive, meeting with Trump to address concerns about trade imbalances, particularly in goods [2][3] Group 2 - There is potential for investment in the gold sector, which is a focus for Trump, as a means to address the trade imbalance [3] - The initial shock of the 39% tax figure remains significant, but there is optimism for a resolution that aligns Swiss rates with EU standards [3]