Swiss authorities: Federal Council will proceed to barter with the USA.

The Swiss authorities is responding to a failed assembly yesterday:

• Federal Council to proceed negotiations with the USA

• Will shortly have interaction in detailed discussions on potential aid measures for Swiss companies and proceed to evaluate the necessity for additional financial coverage motion

• As of at the moment, almost 60% of Swiss exports to the USA are topic to extra tariffs

• At current, tariff countermeasures in response to the US tariff will increase should not being thought-about

The Swiss president Keller-Suter is now including.

• Introduction of tariffs is a unprecedented troublesome state of affairs.

• Objective of Washington go to was to current new supply to US officers, this was achieved and a constructive improvement.

• It was clear that the US president is sticking to tariffs within the quick time period.

• Talks with the USA will proceed

This text was written by Emma Wang at investinglive.com.