Despite many overseas drugmakers gaining some tariff clarity when the U.S. | Thanks to a new accord with the United States, import tariffs on many key goods from Liechtenstein and Switzerland—including pharmaceuticals—will be capped at 15%,

US President Donald Trump “remains hopeful and optimistic that a deal can be struck” to end Russia’s war with Ukraine. Follow live updates

The U.S. and Switzerland edged closer to a trade deal on Thursday to reduce President Donald Trump's crippling 39% tariffs on Swiss imports and shrink Switzerland's trade surplus with the U.S. after talks in Washington on Thursday,

The deal will see the duty rate on Swiss goods dropping from 39 percent to 15 percent, in line with the European Union's standard tariff rate.

President Donald Trump faced criticism after reportedly imposing tariff cuts for Switzerland following lavish gifts.

Trump says Ukraine shows ‘zero gratitude’ as Geneva talks weigh a 28-point peace plan with major concessions to Russia; Europe questions its authorship.

Mr Trump hit Switzerland with the surprise 39pc tariff in August, shocking negotiators who had believed they were working towards a reduced rate. The tiny state was targeted by the US president because of a £29bn trade surplus in goods with the US – driven by exports of gold bars, luxury watches, chocolate and pharmaceuticals.

GENEVA (Reuters) -The United States' general tariff of 39% on imports from Switzerland could be cut to 15% from early December, Swiss Economy Minister Guy Parmelin told the broadcaster SRF in an interview aired on Saturday.

Ukraine talks in Geneva, President Zelensky says: "Putin wants legal recognition to what he has stolen...that's the main problem."

Top US diplomats will meet with Ukrainian and European officials in Geneva today as President Donald Trump presses forward with his Russia-Ukraine peace plan. Follow for live updates.