The US Treasury Department has identified Switzerland, along with eight other countries, as having significant trade surpluses. The list includes Ireland and replaces Denmark, Canada, and the UK. The aim is to take action against unfair currency practices. However, none of the listed countries manipulated their currencies last year to gain an advantage in international trade.
Source: https://www.swissinfo.ch/eng/various/usa-puts-switzerland-on-watch-list-of-trading-partners/89472616