HomeAmericaSwiss sticking to mandate for trade talks with US, minister says

Swiss sticking to mandate for trade talks with US, minister says

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ZURICH, March 13 (Reuters) - ‌Switzerland is sticking to its ​existing mandate for trade negotiations with the United States ⁠that aim to finalise a deal over tariffs struck last year, Economy Minister Guy Parmelin ​said on Friday.

Parmelin was speaking after the United States ‌said on Wednesday it was launching trade investigations into excess industrial capacity in 16 major trading ⁠partners, including Switzerland, and into allegations ⁠of forced labour.

"And we will most certainly also consult with these countries to see how to respond to the United States," Parmelin ‌told reporters at a press conference.

Switzerland was subject ⁠to the highest U.S. tariffs ‌in Europe when U.S. ​President Donald Trump imposed in August a 39% duty on products imported from the country.

In ‌November, Bern sealed an initial deal ​that cut the ⁠tariffs to 15%, mirroring the rate ‌for the European Union.

Switzerland ⁠has since begun talks to formalise that deal, which Washington has been pressing to conclude by ​the end of ‌March.

"The negotiations and discussions are continuing," said Parmelin, ⁠who is also ​Switzerland's president for 2026.

(Reporting by Dave Graham, ​Editing by Miranda Murray)

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