Lutnick Signals Optimism on Trade With Taiwan, Switzerland | US Secretary of Commerce confident o…

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US Secretary of Commerce confident of Swiss tariff deal

“We will probably get a deal with Switzerland,” he said in an interview with the US broadcaster CNBC on Thursday.

“Switzerland will find its way over time,” Lutnick added. “We’ll see how it develops.” His comments were first reported by blick.ch.

A week ago, Lutnick told Bloomberg TV that he was not optimistic about securing a deal. Switzerland earns a lot of money in the US with its pharmaceutical products, he said after a meeting with Economics Minister Guy Parmelin.

Parmelin travelled to the US last Friday for a meeting with Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. Parmelin did not initially comment on the outcome of the meeting.

U.S. commerce secretary hints at 'big deal' with Taiwan

Washington Sept. 11 (CNA) U.S. Commerce Secretary Howard Lutnick suggested in an interview on Thursday that the United States and Taiwan were close to reaching a trade agreement.

"We've got a big deal coming with Taiwan," Lutnick said in a CNBC interview, without offering details, while noting that trade negotiations with other countries only conclude after both sides sign an agreement.

In Taiwan, the Office of Trade Negotiations said in a statement on Friday that trade talks with the U.S. were making progress and that it was waiting for a conclusion meeting pending arrangements by the American side.

Taipei hopes to reach an agreement with Washington to reduce the recently enacted import tax imposed on most Taiwanese goods entering the U.S., the office said.

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