US and Switzerland Reach Landmark Trade Agreement

Fri Nov 14 2025 22:43:08 GMT+0200 (Eastern European Standard Time)

Amidst a backdrop of escalating tariffs, the United States and Switzerland have successfully negotiated a deal that slashes tariffs on Swiss goods from 39% to 15%, while also promising significant Swiss investments in the US economy.

In a decisive move to ease trade tensions, the United States and Switzerland have struck a deal to reduce tariffs on Swiss exports from 39% to 15%. The agreement, bolstered by a pledge from Swiss companies to invest $200 billion in the US, aims to revitalize Switzerland's exports and improve economic ties between the two nations after months of heavy tariffs. Swiss business leaders played a pivotal role in these negotiations, following earlier efforts that had failed to convince President Trump. The deal also incorporates the removal of Swiss tariffs on several categories of US meat, promising potential job growth in both economies.

In a significant development for international trade, the United States and Switzerland have finalized an agreement to dramatically reduce steep tariffs imposed on Swiss goods. Tariffs that previously stood at 39% will now be lowered to 15%, thanks to negotiations that followed a high-profile meeting between Swiss business leaders and US President Donald Trump.

Swiss Economics Minister Guy Parmelin hailed the agreement as 'a great relief for our economy,' which had suffered significantly since the tariffs were enacted last August. Following a visit to the White House from representatives of Swiss industry who brought luxury gifts including a Rolex watch and a gold bar, the negotiations took a decisive turn.

Despite initial setbacks where Swiss President Karin Keller Sutter's attempts to negotiate were overlooked, the meeting on November 4 proved instrumental in reaching the agreement. Trump's trade representative, Jamieson Greer, confirmed that the newly negotiated tariffs align with those previously established with countries in the European Union.

Additionally, the deal includes a commitment from Switzerland to invest a substantial $200 billion in the US economy by 2028, with one-third of this investment set to occur by 2026. The plan encompasses a variety of sectors, including pharmaceuticals and manufacturing, particularly highlighting initiatives from firms like Pilatus and Stadler which are set to enhance their US operations.

This trade agreement signifies not only a reduction in tariffs but also a potential boost to the economies of both nations, with Greer asserting it 'tears down longstanding trade barriers' and promises thousands of new jobs in the United States.

As Switzerland prepares for potential parliamentary discussions and a public referendum on the deal, industry leaders express eagerness for economic revival as tech exports to the US have declined sharply in recent months due to implemented tariffs.