US EditionU.S. and Switzerland reach trade deal to lower tariffs to 15%
- The United States agreed to cut tariffs on most Swiss goods to 15% from 39%, U.S. Trade Representative Jamieson Greer said Washington had essentially reached a deal with Switzerland.
- Following the sudden tariff rise, Swiss firms lobbied intensively after President Donald Trump raised tariffs from 31% to 39% on Aug. 1, prompting visits by Parmelin and top Swiss firms including Rolex and Richemont.
- Swissmem reported a 14% fall in exports to the U.S. and a 43% slump for machine tool makers; watchmaking, medical devices, machinery, and electrical equipment stand to benefit most.
- Switzerland pledged $200 billion in investment in the United States through 2028 and the Swiss government scheduled a news conference at 1500 GMT to release details later Friday.
- Greer said the deal aims to narrow a $38 billion trade gap, with Switzerland expected to shift significant manufacturing to the United States, including pharmaceuticals and railway equipment.
141 Articles
141 Articles
The Swiss government announced on Friday, November 14, that the United States agreed to reduce tariffs on its products from 39% to 15%. “Switzerland and the United States found a solution: tariffs will be reduced to 15%. Thanks to President [Donald] Trump for their constructive engagement,” the Federal Council announced on social network X, where it indicated that a meeting with the representative of the White House for Trade (UST), Jamieson Gre…
The US and Switzerland have reached a trade deal, with the US reducing import tariffs from 39% to 15%, while Switzerland will invest $200 billion in the US.
US Strikes Deal To Cut Swiss Tariffs To 15% After ‘Golden’ Charm Push
Switzerland and the U.S. have finally struck a deal to slash Donald Trump’s hefty 39% tariffs on Swiss exports down to 15%. But not without a dramatic diplomatic dance.The price? Switzerland has agreed to pump a massive $200 billion into the U.S. economy by 2028. Worth it? Swiss officials certainly think so.“It’s a great relief for our economy,” said Swiss Economics Minister Guy Parmelin. He admitted the tariffs had hit Swiss industries hard sin…
It is difficult to say where the investments could come from, beyond the pharmaceutical sector, admits an official from the Swiss Finance Ministry.
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