Swiss president to attend informal EU finance ministers’ meeting for the first time, alongside British chancellor

U.S. President Donald Trump's decision to hit Switzerland with steeper tariffs than most of Europe was a major shock to the export-oriented country, pushing it towards the European Union as it scrambled to contain the fallout.

The US has imposed tariffs on Switzerland at 31%, much higher than on other European countries. European Union exports are subject to a 20% levy, while Great Britain’s is subject to only 10%. The US calculations underlying these tariffs are strongly contested by Switzerland and other countries.