Goods shipped from the country face a 39% tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.

Switzerland removed tariffs on nearly all imports in 2024, and had virtually free access to its markets for U.S. products. But Keller-Sutter said last week that Trump was focused on its trade surplus with the United States, which amounted to 38.5 billion Swiss francs ($48 billion) last year.

Switzerland's government was due to hold an emergency meeting on Thursday after U.S. President Donald Trump implemented a crippling import tariff on Swiss goods that threatens to inflict serious damage on its export-focused economy.