Lutnick Targets Swiss Pharma Giants for Making Money Off America

Commerce Secretary Howard Lutnick zeroed in on Switzerland’s flagship pharmaceutical industry, saying that the country is “so rich” because of its vast exports of drugs to the US.

“The Swiss like to say they’re a small country of only 9 million people — a small country, a rich country,” he said Friday in an interview on Bloomberg Television’s Surveillance. “And how did they become so rich? They sell us pharmaceuticals like it’s going out of style, right? They make so much money off America, that’s why they’re rich. So let’s hear what they have to say.”