Swiss Economy Minister Guy Parmelin said on Thursday there are no negotiations yet with the United States over trade following the U.S. government's decision to announce tariffs last week.
Swiss Economy Minister Guy Parmelin, Reuters/Denis Balibouse
Swiss Economy Minister Guy Parmelin said on Thursday there are no negotiations yet with the United States over trade following the U.S. government's decision to announce tariffs last week.
Switzerland was shocked to initially be hit with steeper U.S. import tariffs than the European Union, until President Donald Trump temporarily reduced most of the rates above 10% for nearly all countries on Wednesday.
That was an improvement for Switzerland, but coping with added trade barriers was never simple, Parmelin said.
Reporting by Dave Graham
U.S. Cardinal Robert Prevost was elected in a surprise choice to be the new leader of the Catholic Church on Thursday, taking the name Leo XIV, becoming the first American pontiff.
The United States and Britain will announce a deal to lower tariffs on some goods on Thursday, the first such agreement since U.S. President Donald Trump sparked a global trade war with universal levies.
India hit Pakistan and Pakistani Kashmir with missiles on Wednesday and Pakistan said it had shot down five Indian aircraft and vowed to retaliate, in the worst clash in more than two decades between the nuclear-armed neighbours.
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