Switzerland, which has long touted its diplomatic skills as a national selling point, is going to have to rethink some ...

Swiss exports to the US inched up in July, helped by gold and watches shipments, the second straight month of expansion before President Donald Trump unexpectedly slapped a 39% tariff on the country.

Swiss watch exports returned to growth in July after a steep drop the previous month, as companies tried to build up their stock in the US ahead of higher trade tariffs.

Bessent went on to add in a further interview with CNBC he expects tariff revenues under President Trump to exceed his ...