US tariff rate cut: Swiss press are upbeat but warn of high cost

The Swiss media has breathed a collective sigh of relief following the announcement of a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the US by the end of 2028. But newspaper editorials highlight the high price Switzerland paid to secure the deal. +Get the most important news from Switzerland in your inbox "Thank you President Trump," wrote 24 Heures and Tribune de Genève, quoting a tweet posted by the Swiss government on Friday on social network X after the deal was announced. "Like our European neighbours, our country can finally rejoice in the fact that it will 'only' be taxed at 15%, at the cost of major economic concessions," they declared. But this "thank you" just confirms what the whole world already knows, say the papers: "Switzerland has been slow to understand: Donald Trump sets the rules." They also talk of the "long diplomatic lapses ...