The Swiss government said it had “no indication” the country would be hit with a 39 percent tariff, which is set to take effect this week.

Switzerland is ready to make a "more attractive offer" in trade talks with Washington, its government said on Monday, following a crisis meeting aimed at averting a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven economy.

In a surprising move, the Trump administration has imposed a 39% tariff on Swiss imports, significantly higher than the 15% on EU products. Switzerland, caught off guard, is determined to negotiate a more favorable deal with the U.