While the new trade agreement between Switzerland and the United States to reduce tariffs to 15% was initially hailed – many are now wondering what Switzerland has given away.
The Green Party says it’s a ‘submission’ and was only secured by gifts of Rolex and gold.
The Liberals point out, under the deal, Switzerland agrees to spend USD 200 bn in private sector investment in the US. Some production of pharmaceuticals, gold smelting and railways equipment will be moved across the Atlantic.
The Socialists say there isn’t enough visibility of all the background deals that have been struck.
The Federal Council says it thanks President Trump for his ‘constructive engagement’.
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