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US President Donald Trump has justified the 39% tariff rate imposed on Switzerland with reference to the “huge” trade deficit with the country.

The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America.

European shares traded higher, while the Swiss market declined as traders had their first opportunity to react to US President Donald Trump’s punitive 39% export tariff on the country.

The trade imbalances that prompted President Donald Trump to slap hefty levies on Swiss imports have been driven by a small industry at the center of the world’s gold market.

The Swiss government held crisis talks on Monday in an effort to come up with a proposal that might persuade US President Donald Trump from imposing 39% tariffs on the country in less than three days.

Swiss stocks dropped as the market reopened after a holiday, on worries about the impact from US President Donald Trump’s punitive 39% export tariff and a push for drugmakers to lower prices.

Londres, 4 ago (EFE).- El músico y DJ británico Calvin Harris anunció este lunes el nacimiento de su primer hijo, Micah, con ...