Switzerland’s Rules-Based Diplomacy Clashes With Trump Dealmaking
Inside the Lindt & Spruengli AG factory in Kilchberg, Switzerland.
Photographer: Philipp Schmidli/BloombergSwitzerland, which has long touted its diplomatic skills as a national selling point, is going to have to rethink some long-held principles if it wants to put its recent disastrous trade negotiations with Donald Trump in the past.
The outcome of those talks was a 39% tariff rate, the highest of any developed nation, threatening businesses and the economy. Not only that, the US has also reneged on a previously negotiated price for an order of F-35 fighter planes.