Swiss federal councillor Guy Parmelin attends a press conference after the weekly governmental meeting in Bern, Switzerland, January 29, 2025. REUTERS/Denis Balibouse
(Reuters) -Switzerland did not make a deal with the devil by agreeing a new tariff framework with the United States, Economy Minister Guy Parmelin said on Sunday, rejecting criticism that it amounted to "surrender" in Donald Trump's trade war.
The non-binding framework trade agreement, announced on Friday, promises a lower U.S. import tariff rate of 15% for Switzerland - down from 39% - in return for $200 billion in investments by Swiss companies in the U.S.
