Overview
- Trump said the meeting concluded with U.S. Trade Representative Jamieson Greer designated to continue negotiations with Swiss leaders.
- Bern said several executives organized the Washington meeting to highlight the impact of the tariffs, describing it as a private initiative prepared with SECO.
- Switzerland’s economy ministry said participants included leaders from MSC, Rolex, Partners Group, Mercuria, Richemont and MKS, while the White House has not detailed attendees.
- Switzerland has pitched investment and deficit‑reduction proposals to secure a lower rate, but Karin Keller‑Sutter says the timing of a deal remains uncertain and the decision rests with Trump.
- The 39% duties, imposed in August, cover less than 10% of Swiss exports yet are pressuring watches and machinery, with Bern trimming its 2026 growth outlook and U.S.-bound watch shipments falling 55% in September.