The United States and Switzerland have reached a preliminary trade agreement, significantly reducing Swiss goods tariffs to 15%

U.S. Trade Representative Jamieson Greer stated on Friday that the United States and Switzerland have reached a preliminary trade agreement, significantly reducing Swiss goods tariffs from the current 39% to 15%. The White House is expected to announce relevant details on Friday. The 15% tax rate includes most-favored-nation treatment and some existing tariffs, similar to arrangements with the European Union.

In exchange, Switzerland has committed to investing $200 billion in the United States during Trump's administration, with $70 billion to be invested next year, covering industries such as pharmaceuticals and precious metals refining; additionally, it will also purchase more Boeing (BA.US) commercial aircraft.

Switzerland has been seeking tariff reductions due to the significant impact of high U.S. tariffs on several of its core export industries, such as watches, machinery, and precision instruments. Greer indicated that the relevant agreement has been largely completed after months of back-and-forth negotiations between Swiss officials and the business community, and the details will be published on the White House's official website