US Treasury Secretary Scott Bessent in Davos, Switzerland, January 19, 2026.
Keystone-SDA
Relations with Switzerland are back on track after a rough period, US Treasury Secretary Scott Bessent declared on Monday on his arrival in Davos for the World Economic Forum (WEF) annual meeting.
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“After a turbulent period in recent months, relations between Switzerland and the United States are back on a very good track,” Bessent told reporters on his arrival in the Swiss mountain resort of Davos. He spoke in front of an American house that was created this year in the town’s English church.
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Reduced US tariffs ‘remain a burden’ for Swiss economy
Bern and Washington finally reached agreement in November to reduce US tariffs on Swiss imports from 39% to 15%, following bitter discussions. The two countries still need to sign an agreement by March 31 to finalise the deal.
The negotiating mandate is ready on the Swiss side. Swiss President Guy Parmelin, expressed his willingness to conclude the agreement during the WEF gathering this week.
Translated from French by AI/sb
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