U.S. agrees to cut tariffs on Switzerland to 15 pct

The U.S. administration has agreed to lower its tariffs on imported Swiss products to 15 percent from 39 percent, the White House said in a statement on Friday.

After months of negotiations, the United States and Switzerland, joined by Liechtenstein, reached a framework trade agreement, noted the White House. As part of the agreement, Swiss and Liechtenstein companies will invest around 200 billion U.S. dollars in the United States, with at least 67 billion dollars invested in 2026. 

The countries aim to conclude negotiations to finalize their trade deal by early 2026. The 15-percent tariff rate on Swiss imports means "the same treatment given to the European Union," according to a fact sheet from the White House.