Switzerland Clarifies Gifts to Trump as Public Offerings

Swiss State Secretary for Economic Affairs Helene Budliger Artieda clarified that a gold bar and Rolex clock presented to President Donald Trump by Swiss business leaders were intended as gifts for the American people rather than personal gifts to the president. Artieda stated that the items were registered at the White House and are expected to be housed in a presidential library.

Artieda emphasized that the gesture was a private sector initiative and that the business leaders consulted compliance experts to ensure the gifts remained within legal margins. She noted that the items were not given to the president personally, but as a gift to the public.

On trade matters, Artieda noted that the United States has respected a November joint statement establishing a 15% all-in tariff rate. This rate provides certainty for Swiss exporters following a volatile period where tariffs reached 39%. While the Swiss government continues to pursue a legally binding trade agreement, Artieda stressed the need to remain calm and cool headed to maintain a win-win relationship with the U.S. administration.