world-economy

US Trade Chief Signals Support for Swiss Deal as Tariff Negotiations Advance

Trade Representative Jamieson Greer has expressed backing for Switzerland's negotiating position and domestic investments, suggesting the Alpine nation may secure a 15% tariff amid ongoing trade discussions with the Trump administration.

The endorsement comes as the US pursues broader trade agreements globally. Negotiators are pressing partners on non-tariff barriers and intellectual property protections. They are also seeking economic security cooperation in deal talks that have extended over several months.

Meanwhile, American importers continue grappling with tariff refund processes. US Customs has approved more than 70% of applications for reimbursements tied to duties imposed in the previous year. However, shippers are facing unpredictable reimbursement timing, complicating supply chain planning and investment decisions. Industry participants are being urged to submit refund claims promptly as submission deadlines approach.