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.
190 Articles
190 Articles
U.S. and Switzerland Seal Deal To Cut Tariffs After $200bn Pledge
The United States and Switzerland said on Friday that they have reached an agreement to sharply lower tariffs imposed by President Donald Trump, with the Alpine nation vowing to invest $200 billion in the U.S. to win over the White House. The deal was announced a day after talks in Washington, where Swiss economy minister Guy Parmelin visited in hopes of easing steep duties the Trump administration rolled out this year. As part of the deal, “Swi…
Switzerland Buys Tariff Peace With A $200 Billion U.S. Investment Bet
Switzerland has just bought itself peace with the United States – and the price tag says a lot about how power works in today’s trade politics. After Washington hiked tariffs on most Swiss goods to 39% in August, many Swiss exporters suddenly found their products almost unsellable in the US. This hit exactly the sectors […]
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…
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