Washington, D.C. – Swiss Confederation President Karin Keller-Sutter has confirmed that the United States is actively seeking a “privileged” trade agreement with Switzerland, as part of a broader strategy involving 15 select countries. Her statement follows high-level meetings in Washington, including a one-on-one with U.S. Treasury Secretary Scott Bessent.
Speaking to Swiss broadcaster SRF, Keller-Sutter said, “We are satisfied with the talks we have held. U.S. authorities have expressed a clear desire to find a solution with Switzerland.”
A Path Toward a Trade Agreement
During her visit, Keller-Sutter and her U.S. counterparts agreed to begin drafting a Letter of Intent—a document that will set the groundwork for future negotiations. “Drawing up a declaration of intent as soon as possible would be the next step,” she said, noting that both governments are moving quickly to reduce uncertainty in global markets.
“The U.S. envisages conducting somewhat privileged negotiations and finding solutions,” she added. The Swiss president also confirmed the designation of a dedicated contact person on the U.S. side to accelerate coordination.
Tariff Talks Amid Economic Uncertainty
The talks come in the wake of a recent 31% tariff imposed by the U.S. on Swiss imports as part of a sweeping trade policy aimed at recalibrating foreign trade relationships. However, just days after the announcement, President Trump paused most country-specific tariffs for 90 days—creating an opening for diplomatic negotiation.
While a baseline 10% import tariff remains, both governments appear committed to resolving trade frictions. “Uncertainty is poison for the economy,” Keller-Sutter emphasized, citing the impact on Swiss businesses and families.
Shared Economic Vision
Keller-Sutter’s visit coincided with the International Monetary Fund’s Spring Meetings, where she and Secretary Bessent discussed broader economic cooperation. “We discussed key economic issues and opportunities for enhanced collaboration between our two countries,” she noted.
As the U.S. moves forward with bilateral trade negotiations, Switzerland’s inclusion among the 15 countries signals its strategic economic importance. With a commitment to clarity and cooperation, both nations are now working toward a tailored trade framework that may reduce tariffs and strengthen economic ties.