In a landmark development for international trade, Switzerland has unveiled a strategic plan to invest $200 billion in the United States by 2028. This announcement coincided with the finalization of a significant trade agreement that will substantially reduce U.S. tariffs on Swiss goods. Swiss Economy Minister Guy Parmelin revealed that the Trump administration has agreed to lower tariffs on most Swiss products from 39% to 15%, aligning them with the rates applied to the European Union. This agreement marks a pivotal moment in U.S.-Swiss trade relations, which had been strained since August when U.S. tariffs on Swiss goods were unexpectedly raised from 31% to 39%. The Swiss Federal Council, the country’s executive body, expressed gratitude to President Trump for his constructive engagement in resolving the dispute. The tariff reduction follows months of intense negotiations and lobbying efforts by Swiss government officials and business leaders, who had been advocating for more favorable trade terms. This deal is expected to bolster economic ties between the two nations and create new opportunities for Swiss exporters in the U.S. market.
Switzerland to boost US investment as deal struck to lower US tariffs on Swiss goods to 15%
