US, Switzerland Reach Tariff Deal That Lowers Duties on Swiss Goods to 15 Percent

Under the deal, Washington gains expanded access to markets in Switzerland and Swiss firms pledge $200 billion in US investments.

Treasury Secretary Scott Bessent during a U.S.–Swiss meeting in Geneva, Switzerland, on May 9, 2025. Martial Trezzini/Keystone via AP

The United States and Switzerland have reached a trade deal under which Swiss imports to America will be subject to a reduced 15 percent duty, officials said.

U.S. Trade Representative Jamieson Greer told CNBC on Nov. 14 that the administration had “essentially reached a deal” with the Swiss government after months of negotiations in the context of President Donald Trump’s reset of U.S. trade ties with the rest of the world.