Switzerland Closer to Winning Improved 15% Tariff Deal

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Transcript

00:00What do we know then about this potential deal between the Swiss and the US?

00:07Well, as you were saying, our reporting shows that the Swiss are optimistic they'll get this rate down to 15%,

00:12which would bring it into line with the EU and obviously a significant amount of relief there for the Swiss.

00:18Donald Trump was asked about it. He said that he thinks there also might be a deal before too long,

00:23but he wasn't drawn on that essential figure of 15%.

00:26What we know is the Swiss have been mounting essentially a charm offensive.

00:30Only a week ago or so, a bunch of Swiss billionaires and senior executives met with Donald Trump in the Oval Office.

00:38That seems to have worked some magic.

00:40Obviously, the Swiss have also been trying to find ways to show Donald Trump.

00:43They're hearing him on his concern about the imbalance around goods in particular between the US and Switzerland

00:50and possibly some investment in the gold sector for the US,

00:54because it's really the gold sector that Donald Trump seems to be fixated on.

00:58And can they offer some investment on gold refining in the US to try and ease that imbalance?

01:04So at least some optimism that after months, you say the shock of that 39% figure is still very real,

01:10that perhaps we are getting towards something that would bring the Swiss more into line with the EU.

01:15Well, thank you.