Commerce Secretary Howard Lutnick said Friday he is “not optimistic” about reaching a trade deal with Switzerland, pointing to the country’s pharmaceutical exports as a sticking point ahead of talks with Swiss Vice President Guy Parmelin in Washington, D.C.
“The Swiss like to say they’re a small country of only 9 million people — a small country, a rich country,” Lutnick said in an interview on Bloomberg Television’s Surveillance.
“How did they become so rich?” he added. “They sell us pharmaceuticals like it’s going out of style. They make so much money off America, that’s why they’re rich. So let’s hear what they have to say.”
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