Trump accused of caving to big business after deal to cut Swiss tariffs to 15%

The recent agreement to cut US tariffs on Swiss goods from 39% to 15% has raised concerns about Trump's alignment with big business interests. This deal, which includes a $200 billion investment from Switzerland into the US, follows significant lobbying efforts by Swiss firms. The Swiss government emphasized the importance of this non-binding memorandum of understanding in enhancing economic ties. However, Rolex's denial of any negotiations with the US, despite their hospitality towards Trump, adds a layer of complexity to the narrative, suggesting that the luxury brand's influence may not be as direct as perceived.