Lutnick Will Meet With Swiss Delegation, But Expects Little

US commerce secretary Howard Lutnick

Photographer: Jim Lo Scalzo/EPA/Bloomberg

US Commerce Secretary Howard Lutnick said that he will meet with a visiting Swiss delegation bringing a “new proposal” to secure better tariff rates on their country’s exports but isn’t optimistic the two economies will reach a deal.

“I’m going to meet with the Swiss delegation — they’re coming in to make a new proposal, and the Trump administration is always willing to listen,” Lutnick said Friday in an interview on Bloomberg Television’s Surveillance.