The Swiss government is open to revising its offer to the US in response to planned heavy tariffs, Business Minister Guy Parmelin said. The country’s cabinet will hold a special meeting on Monday to discuss next steps, with Parmelin telling broadcaster RTS that the government would act quickly - before the US tariffs are imposed on August 7, according to Reuters. President Trump has targeted Switzerland with one of the highest tariffs in his global trade reset, imposing a 39% import duty. Parmelin noted that Trump’s decision was driven by the US trade deficit with Switzerland, which reached 38.5 billion Swiss francs ($48 billion) last year. Among the options under consideration are increased purchases of US LNG and further investments by Swiss companies in the US - Switzerland’s largest export market for pharmaceuticals, watches, and machinery. Parmelin added that both he and Swiss President Karin Keller-Sutter are prepared to travel to Washington to continue talks, if necessary.