Summary
The United States plans to lower tariffs on goods from Switzerland from 39% to 15% under a new trade agreement. Swiss companies will invest $200 billion in the U.S. by 2028. The new tariffs will equal rates for the European Union and are set to take effect soon.
Key Facts
- The U.S. will cut tariffs on Swiss goods to 15% from a previous rate of 39%.
- Swiss companies have pledged to invest $200 billion in the United States by the end of 2028.
- About 40% of Swiss exports will benefit from the new lower tariffs.
- The tariff reduction aligns with the rates for European Union countries.
- The U.S., Switzerland, and Liechtenstein aim to finalize their trade agreement by early 2026.
- The tariff cuts are expected to start once U.S. customs systems are updated.
- Swiss investments will focus on manufacturing sectors like pharmaceuticals and life sciences.
- Switzerland will offer duty-free quotas on certain U.S. meats, including beef and poultry.
