Swiss Exports to US Slipped in Last Full Month of 39% Tariff (1)

Switzerland’s exports to the US retreated in October amid ongoing volatility in their trade relationship before a deal last week to lower President Donald Trump’s 39% tariffs.

Foreign sales to America excluding gold, adjusted for seasonal swings, were 5.5% lower than in September, the country’s customs office said on Thursday. The total of Swiss shipments decreased by 0.3%.

Meanwhile imports from the world’s biggest economy rose 0.6%. That means the US trade deficit with the nation narrowed to 3.1 billion francs ($3.8 billion), from 3.3 billion francs the previous month.

Prospects for Swiss transatlantic ...