US to Lower Tariffs on Swiss Goods to 15% in Breakthrough Deal
November 14, 2025
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0:58Now PlayingUS to Lower Tariffs on Swiss Goods to 15% in Breakthrough Deal
YouTube Description
as posted by the channelThe US and Switzerland have “essentially” reached a trade agreement to lower tariffs on Swiss goods from 39% to 15%, and the White House plans to reveal details on Friday, US Trade Representative Jamieson Greer said.
The pending deal delivers long-desired relief to Switzerland, which was hit by the highest levy the Trump administration imposed on any developed country. The 15% levy is inclusive of most-favored-nation rates and certain other existing duties, a similar arrangement to the European Union, Greer told reporters.
In exchange, Switzerland has committed to investing $200 billion in the US during President Donald Trump’s term, including $70 billion next year, in industries such as pharmaceuticals and gold smelting, according to Greer. Switzerland has also committed to buying more Boeing Co. commercial planes, Greer said.
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