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U.S. and Swiss officials held talks to resolve trade tensions after a 39% tariff, with Switzerland offering to move gold refining to the U.S. and make investments.
U.S. President Donald Trump said he held a productive meeting with senior Swiss officials on November 4 to discuss trade tensions, following a 39% tariff imposed in August over trade imbalances.
The talks, led by U.S. Trade Representative Jamieson Greer, aim to address the deficit and include Switzerland’s proposal to relocate gold refining to the U.S. and make investment pledges.
Despite the tariff’s impact on sectors like watches and pharmaceuticals, some Swiss exports remain resilient.
Both nations seek a new trade framework, though a deal this year depends on Trump’s approval, with global markets watching closely.
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Los funcionarios estadounidenses y suizos mantuvieron conversaciones para resolver las tensiones comerciales después de un arancel del 39%, con Suiza ofreciendo trasladar la refinación de oro a los Estados Unidos y hacer inversiones.