Swiss President Deflects Questions on 2025 US Tariff Deal Amid Trade Tensions

Swiss President Viola Amherd, also serving as finance minister, sidestepped queries regarding a potential 2025 tariff agreement with the United States during a recent interview. The uncertainty stems from the US presidential election outcome, which could significantly influence trade negotiations between the two nations.

Trade relations remain strained following former President Donald Trump's imposition of 39% tariffs on Swiss exports in August 2025, citing trade deficit concerns. The decision came after a contentious phone exchange between TRUMP and Swiss officials, with the former criticizing negotiation tactics.

Switzerland has responded with a comprehensive package of investment commitments and deficit-reduction measures, aiming to secure more favorable trade terms. The US market represents a critical 17% of Swiss export volume, though current tariffs affect less than 10% of total exports.

Certain Swiss industries have borne disproportionate impact from the tariffs, according to government assessments. Ongoing discussions continue between Swiss negotiators and US trade representatives, with outcomes hinging on post-election leadership in Washington.