Article 71FNJ Trump accused of caving to big business after deal to cut Swiss tariffs to 15%

Trump accused of caving to big business after deal to cut Swiss tariffs to 15%

by
Callum Jones in New York
from World news | The Guardian on (#71FNJ)

Rolex denies any negotiation' with US although luxury watchmaker entertained Trump and gave him gold clock

Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters.

The two countries have signed a non-binding memorandum of understanding", the Swiss government announced, following bilateral talks in Washington and intense lobbying by Swiss firms.

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