Switzerland’s government has reached out to local drugmakers Roche Holding AG and Novartis AG to discuss the tariff situation, a spokesperson said, after the country was hit with the highest US levies in the developed world.

Economy Minister Guy Parmelin and Interior Minister Elisabeth Baume-Schneider will meet top executives of the two companies for a crisis summit on the future of the Swiss pharma industry, SonntagsBlick reported on Sunday. Other producers will participate as well, the newspaper added.