Swiss Government Could Revise Offer in Bid to Avoid High US Tariffs: Economic Minister

The non-EU country is set to be hit by one of the highest tariff rates imposed by Washington if they come into effect on Aug. 7.

A cleaner cleans the glass of a showcase of watches at the Swiss luxury watch and clock manufacturer Patek Philipp booth during the opening day of the "Watches and Wonders Geneva" luxury watch fair, in Geneva on April 1, 2025. Photo by FABRICE COFFRINI/AFP via Getty Images

Switzerland is open to changing its offer to the United States in response to planned tariffs from Washington, Swiss Federal Councillor for the Economy Guy Parmelin said on Aug. 3.

Bern was hit by 39 percent tariffs, one of the highest rates imposed by the Trump administration, on Aug. 1.