The Swiss government held crisis talks on Monday to come up with a proposal that might dissuade US President Donald Trump from imposing 39% tariffs on the country in less than three days.With the rate — the highest among industrial nations — set to go into effect on Aug.

The Swiss government is ready to make a "more attractive offer" in trade talks with Washington, the cabinet said on Monday, after a crisis meeting aimed at averting a 39% U.S. tariff on Swiss imports that could hammer the export-driven economy.

The Swiss government said it had “no indication” the country would be hit with a 39 percent tariff, which is set to take effect this week.