Switzerland is preparing a new proposal for the United States aimed at reducing recently imposed steep tariffs, as reported by Reuters. The offer is expected to include increased defense procurement from the U.S. and greater market access for American energy interests, including liquefied natural gas. This follows the U.S. decision to implement a 39% tariff on Swiss goods earlier this month.

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Bern aims to finalize the package by early September, with the goal of lowering the tariff rate closer to the 15% level applied to the European Union. According to data from the IndexBox platform, the U.S. trade deficit with Switzerland has been a central point of contention in the negotiations. The Swiss government has stated that discussions are ongoing at various levels to improve the tariff situation.

Some Swiss officials are concerned that the dynamics of a July phone call between U.S. President Donald Trump and Swiss President Karin Keller-Sutter could complicate a new agreement. The call, during which Trump complained about the trade deficit, triggered domestic criticism of Keller-Sutter’s handling of the matter.

In response to the tariffs, some major Swiss companies have indicated they may shift production to the U.S. to mitigate the financial impact. A lawmaker on the Swiss parliament’s foreign affairs committee warned that the situation leaves Switzerland isolated and could encourage other large trading blocs to adopt similar aggressive tariff strategies against smaller nations.

Source: IndexBox Market Intelligence Platform