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Swiss President Makes Emergency Trip to Washington to Talk Tariffs
Bloomberg Televisionยท2025-08-06 11:44

Trade Negotiations & Objectives - The purpose of the Swiss delegation's visit to Washington is unclear beyond a meeting with Marco Rubio, who is not involved in trade negotiations [1] - A meeting with Donald Trump is crucial for the trip to be worthwhile, as a previous deal was contingent on such a meeting [2] - The US's concerns include Switzerland's central bank (SNB) having a zero interest rate and its intervention in the currency market [3] Trade Imbalance & Potential Concessions - The US-Switzerland trade surplus is inflated due to massive gold exports from Switzerland to the US in anticipation of tariffs [4] - The numbers Donald Trump is using are tainted and do not reflect the actual common situation [5] - A deal is more likely to involve investment or arms purchases rather than changes to the trade balance [5] - Potential concessions include the Swiss fostering a F-35 fighter jet purchase and energy purchases, specifically LNG [5][6]