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Trump accused of caving to big business after deal to cut Swiss tariffs to 15%

Rolex denies ‘any negotiation’ with US although luxury watchmaker entertained Trump and gave him gold clockUS politics live – latest updatesDonald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters.The two countries have signed a “non-binding memorandum of understanding”, the Swiss government announced, following bilateral talks in Washington and intense lobbying by Swiss firms. Continue reading...


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