9

Swiss officials held discussions with U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent regarding customs duties, with the aim of resolving issues surrounding the 31% tariff on Swiss goods. The Swiss government described the talks as “constructive and cordial,” but frustrations remain over the lack of immediate tariff relief. Moving forward, both sides are set to continue negotiations in the coming weeks.

Swiss President Keller-Sutter Voices Frustration Over Lack of Progress

Swiss President Karin Keller-Sutter expressed her disappointment following talks with U.S. Treasury Secretary Bessent, stating that the discussions did not lead to any tariff reductions. Despite the setback, Keller-Sutter emphasized Switzerland’s commitment to resolving the issue through diplomacy and sustained dialogue. The main focus of Switzerland remains on eliminating the 31% tariff on Swiss goods imposed as part of President Trump’s broader “reciprocal” tariff strategy.

Keller-Sutter also voiced optimism about the potential for broader solutions to the escalating U.S.-China trade tensions, which are expected to be at the center of high-stakes discussions in Geneva this weekend. She remains hopeful that these talks could help resolve ongoing trade conflicts between the U.S. and China, which have had ripple effects on global trade.

High-Stakes US-China Trade Talks in Geneva

Geneva is set to host critical talks between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng as they address the ongoing trade friction between the two economic giants. The location and details of the meeting are being kept confidential, heightening the anticipation around the discussions. The Swiss city, which previously hosted pivotal meetings such as the 2021 Biden-Putin summit, is once again playing a central role in global diplomacy.

Keller-Sutter referred to the U.S.-China trade talks as the “main course” of the weekend’s discussions, with her meeting with Bessent serving as a precursor. In a lighthearted moment during the discussions, she jokingly mentioned the possibility of divine intervention, referencing the election of Pope Leo XIV. “I hope the Holy Spirit comes to Geneva,” she said, blending humor with cautious hope for a resolution.

Swiss Economic Impact on U.S. Trade Policy

During her meeting with Bessent, Keller-Sutter took the opportunity to emphasize Switzerland’s significant economic contribution to the U.S. economy. Switzerland has created over 400,000 jobs in the U.S., with workers earning high average salaries. She made a strong case for fairer treatment of Swiss investments in the U.S. as part of a more balanced trade policy.

Keller-Sutter acknowledged that it remains unclear whether her call with President Trump had any impact on the administration’s stance. However, with a smile, she remarked, “He should listen to women,” signaling her belief in the importance of ongoing dialogue and engagement with U.S. officials.

U.S.-China Tariff War Intensifies

As U.S.-China trade tensions continue to escalate, new tariffs have been imposed, adding to the already significant economic strain. The U.S. recently hit Chinese imports with tariffs as high as 145%, prompting China to retaliate with 125% tariffs on U.S. products. President Trump has hinted at further escalation, suggesting a potential 80% tariff on Chinese goods. Trump took to social media to express his opinion, leaving the decision to Treasury Secretary Bessent, saying, “Up to Scott B.”

Keller-Sutter remains cautiously optimistic that the U.S. government is genuinely interested in resolving the conflict. She emphasized the importance of swift and fair solutions, praising the constructive nature of her discussions with Bessent. She also reiterated Switzerland’s ongoing efforts to protect its economy and maintain strong global trade partnerships.

Switzerland’s Continued Efforts to Resolve Trade Issues

Despite the challenges, Swiss officials remain determined to work with the U.S. and other global partners to address ongoing tariff disputes and ensure Switzerland’s economic interests are protected. Keller-Sutter promised that Switzerland would continue its diplomatic efforts to safeguard its economy and trade relationships, focusing on finding solutions that benefit all parties involved.

As the Geneva talks approach, all eyes will be on the outcomes of these high-level discussions, which could shape the future of U.S.-China trade relations and influence global economic trends. The Swiss government’s commitment to constructive dialogue signals its ongoing efforts to navigate the complexities of international trade and strengthen its role in global diplomacy.