US Commerce Department pushed for control of Swiss investment in trade talks, sources say
Source: Reuters
November 28, 2025 6:17 AM EST Updated 1 hour ago
ZURICH, Nov 28 (Reuters) - The U.S. Commerce Department pressed Switzerland during recent trade talks to commit billions of dollars in investments that Washington could allocate at its discretion, but Swiss officials refused, according to two people familiar with the matter.
On November 14, the United States and Switzerland announced a framework agreement under which Washington would cut tariffs on Swiss goods to 15% from 39%, while Swiss companies pledged to invest $200 billion in the U.S. by the end of 2028. That was 10 days after a meeting between U.S. President Donald Trump and a group of Swiss business leaders at the White House which helped accelerate talks to roll back tariffs Trump imposed in August, the sources said.
Back in September, U.S. Commerce Secretary Howard Lutnick had urged Swiss negotiators to pledge investments for Washington to direct, similar to an accord the Trump administration said it had reached with Japan, the sources said. Alfred Gantner, co-founder of Partners Group and a member of the Swiss business delegation that met Trump, told Friday's edition of Switzerland's Tages-Anzeiger newspaper that top Swiss trade officials refused to put money at the disposal of the U.S.
"When the Americans demanded $100 billion to be used as they wished, as in the deal with Japan, they said Switzerland would never accept such a thing," Gantner said.
Read more: https://www.reuters.com/business/media-telecom/us-commerce-department-pushed-control-swiss-investment-trade-talks-sources-say-2025-11-28/
WTAF? These people really are psychotic.
Irish_Dem
(78,297 posts)Stealing billions of dollars from US citizens and countries around the world.
With no consequences.
BumRushDaShow
(163,956 posts)certainly have "visions of grandeur" floating around in their distorted-reality minds.
Irish_Dem
(78,297 posts)History might say they were just thinking big.
BumRushDaShow
(163,956 posts)because there are millions in similar wealthy "bubble worlds" who don't plot and scheme about how best to steal from others, and then go on social media in the middle of the night, and brag about it, or rant and rave about vengeance as a reason to do it.
bucolic_frolic
(53,468 posts)Why aren't we told of such things?
Most importantly, where's my $10 million portion of it?
Irish_Dem
(78,297 posts)Into Trump's pocket and to fund all of his elaborate schemes and stunts.
mdbl
(7,894 posts)He'll just move on to the next country and try again. The problem is, we the people are paying for all of it.