Swiss economy minister discusses U.S. tariffs with Treasury Secretary

Published 17/10/2025, 18:12
Swiss economy minister discusses U.S. tariffs with Treasury Secretary

Investing.com -- Swiss Economy Minister Guy Parmelin spoke briefly with U.S. Treasury Secretary Scott Bessent about the 39% tariffs imposed on Switzerland, but gave no indication of progress toward reducing these levies.

In an interview with Swiss national broadcaster SRF during his Washington visit on Friday, Parmelin confirmed the conversation lasted only "a few minutes."

"But that was very brief," Parmelin told SRF. "We’re staying in contact, including at a technical level. The federal cabinet will communicate as soon as we have progress to report."

When asked if he believed a deal could be reached with Switzerland by the end of October, Parmelin simply reiterated that contact between the Swiss and U.S. governments was ongoing at various levels.

"Again, it’s not possible to say more today," he added.

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