US tariffs on Swiss goods cut to 15% in deal struck with Trump administration

"Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters. The two countries have signed a non-binding memorandum of understanding, the Swiss government announced, following bilateral talks in Washington and intense lobbying by Swiss firms. The US trade representative, Jamieson Greer, also confirmed the breakthrough on Friday, telling CNBC, the financial news network, that both sides had essentially reached a deal."

"The Trump administration agreed to limit US tariffs on Switzerland and Liechtenstein to a maximum of 15% under the deal, according to a statement from the Swiss government. This brings US tariffs on Switzerland in line with those on the European Union allowing Swiss exporters the same treatment as rivals in neighboring countries. In return, Switzerland will reduce tariffs on a range of US products, the statement said."

Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% under a new, non-binding memorandum of understanding signed after bilateral talks and lobbying by Swiss firms. The US will cap tariffs on Switzerland and Liechtenstein at 15%, aligning Swiss treatment with the European Union. Switzerland will lower tariffs on industrial goods, fish, seafood and certain non-sensitive US agricultural products, and grant duty-free quotas including 500 tonnes of beef, 1,000 tonnes of bison meat and 1,500 tonnes of poultry. Implementation timing will be coordinated with the US and has not yet been finalized.

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