Swiss official: Swiss gold producers considering establishing factories in the United States.

On Friday, a senior economic official from Switzerland said at a press conference after reaching a tariff agreement with Washington that Swiss gold producers are interested in setting up factories in the United States in the future. Gold is an important component of Switzerland's trade surplus with the United States and continues to be exempt from tariffs. However, Artieda, director of the Swiss Federal Economic Affairs Office, pointed out that the profit from gold is not high, "the profit is very very small, maybe only 1% or less." She added, "But I think this is very important to them. Strengthening their gold market is crucial for the United States." The Swiss government announced on Friday that under the new framework trade agreement, the United States will reduce tariffs on Swiss goods from as high as 39% to 15%. The agreement also includes Swiss companies committing to invest $200 billion in the United States by the end of 2028.