Switzerland's government will hold an emergency meeting on Thursday to decide its next move after its president returned home empty-handed from an 11th-hour trip to Washington aimed at averting a crippling 39% U.

Secretary of State Marco Rubio and Swiss President Karin Keller-Sutter met to discuss trade Wednesday, one day before President Trump’s steep tariffs were slated to take effect. Keller-Sutter, who also serves as finance minister,

Switzerland's president met with her country's business representatives Wednesday in Washington -- ahead of scheduled talks with the US secretary of state -- in a last-minute visit as she scrambles to avoid a surprise tariff hike.