The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland.

Switzerland has found itself on the sharp end of Washington’s latest tariff barrage. On August 7th, a 39% levy on Swiss imports is set to take effect—one of the steepest rates imposed by the United St

Switzerland’s 11th-hour phone call with Donald Trump offered the nation a harsh reality check: A trade deal isn’t a deal unless the US president personally closes it.