The Swiss canton of Ticino is the world’s largest gold refining hub.
Photographer: Francesca Volpi/BloombergTrade
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in US gold refining, as it tries to persuade the Trump administration to lower tariffs
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39% import tariff imposed last month.
The levy — the highest of any developed nation — has already hit exports to America and curbed growth forecasts. Now Swiss officials are weighing concessions in sectors spanning energy to agriculture, after President Karin Keller-Sutter’s earlier attempt to stand up to Donald Trump backfired.