US and Swiss officials have reached a breakthrough deal, striking a new trade pact that slashes tariffs from 39% to 15%, a significant reduction that will ease economic tensions between the two nations.
The agreement was announced after intense lobbying by Swiss firms and bilateral talks in Washington, marking a major concession by the Trump administration. According to US Trade Representative Jamieson Greer, both sides have "essentially reached a deal", bringing tariffs on Switzerland in line with those imposed on neighboring European Union countries.
In exchange for reduced US tariffs, Switzerland will lower its own duties on a range of US products, including industrial goods, fish and seafood, as well as non-sensitive agricultural items. Additionally, Swiss officials committed to granting duty-free access to key US exports such as beef, bison meat, and poultry, with quotas totaling 500 tonnes of each.
The deal is seen as a significant win for Swiss exporters, who have been struggling under the previous high tariffs. However, details on the implementation timeline remain unclear, pending coordination with the US.
This latest trade pact marks another "framework" agreement struck by Trump's administration, which typically focus on narrow issues rather than comprehensive free trade agreements that can take years to negotiate.
According to Swiss officials, major companies are already planning significant investments in the US worth over $200 billion by 2028. Meanwhile, luxury brands like Rolex have used their influence to secure deals, including a golden table clock for Trump's Oval Office desk.
The deal has sparked optimism among industry leaders and diplomats, who see it as a key step towards improving economic ties between the two nations.
The agreement was announced after intense lobbying by Swiss firms and bilateral talks in Washington, marking a major concession by the Trump administration. According to US Trade Representative Jamieson Greer, both sides have "essentially reached a deal", bringing tariffs on Switzerland in line with those imposed on neighboring European Union countries.
In exchange for reduced US tariffs, Switzerland will lower its own duties on a range of US products, including industrial goods, fish and seafood, as well as non-sensitive agricultural items. Additionally, Swiss officials committed to granting duty-free access to key US exports such as beef, bison meat, and poultry, with quotas totaling 500 tonnes of each.
The deal is seen as a significant win for Swiss exporters, who have been struggling under the previous high tariffs. However, details on the implementation timeline remain unclear, pending coordination with the US.
This latest trade pact marks another "framework" agreement struck by Trump's administration, which typically focus on narrow issues rather than comprehensive free trade agreements that can take years to negotiate.
According to Swiss officials, major companies are already planning significant investments in the US worth over $200 billion by 2028. Meanwhile, luxury brands like Rolex have used their influence to secure deals, including a golden table clock for Trump's Oval Office desk.
The deal has sparked optimism among industry leaders and diplomats, who see it as a key step towards improving economic ties between the two nations.
so what does this mean for swiss folks in general? they gonna be making more money from exporting stuff to usa? 
or is it just the big companies that get the benifits?
like, can't they just agree on a timeline already?
. Anyway, I guess this deal will give Swiss exporters a boost and some big companies are already planning to invest more in the US 
i'm so stoked about this news!!! a 24% reduction in tariffs is no joke 
and it's amazing to think that swiss firms have been instrumental in getting us to this point 
their lobbying efforts must've really paid off 
now we can expect some major investments from the swiss side 
over $200 billion by 2028? that's crazy 
and who knew luxury brands like rolex were involved 
golden table clock for trumps oval office desk? priceless 
this deal might just be the start of something beautiful 
US & Swiss officials made a major breakthrough 
It's like they were all talking and negotiating and stuff 
and now Swiss exporters are gonna be all happy 
and US gets access to more fish and seafood 
... and luxury brands like Rolex got special perks too 
. I'm low-key hoping this means more good trade deals for other countries too 
but we'll just have to wait and see 
. One thing's for sure tho, it's a major win for Swiss exporters who were struggling under those high tariffs 
!