Swiss leaders refrained from implementing countermeasures against sweeping US tariffs and instead want to focus on further talks to find a solution with Donald Trump’s administration.

By Helen Reid LONDON/GENEVA (Reuters) -As a U.S. tariff deadline neared this week, Swiss watch manufacturer DuBois et fils rushed to ship five high-end watches worth thousands of dollars each to the United States.

Many were baffled when Donald Trump slapped a steep 39% tariff on imports from Switzerland. The Swiss aren't known for flooding the US with cheap goods, but their outsize role in gold refining is distorting trade data.