US puts Switzerland on watch list of trading partners

USA puts Switzerland on watch list of trading partners Keystone-SDA

The United States Treasury Department has placed Switzerland on a watch list for currency and economic practices, along with eight other countries.

+Get the most important news from Switzerland in your inbox

Switzerland and the eight other countries have a large trade surplus, according to a report by the US Treasury Department on the United States’ most important trading partners. The report was first reported by Swiss radio and television.

According to the report, Ireland and Switzerland are new additions to the list. Switzerland’s trade surplus with the US increased last year, according to the report. China, Japan, Korea, Taiwan, Singapore, Vietnam and Germany are also listed.

The aim of the ministry is to take action against unfair currency practices. Last year, however, no major US trading partner manipulated the exchange rate of its currency against the US dollar in order to gain a competitive advantage in international trade.

Translated from German by DeepL/mga

How we use technology to translate

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. 

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at [e-mail]