Switzerland Says Deal Reached With US for 15% 'Maximum' Reciprocal Tariff
The U.S. will lower its reciprocal tariffs on Switzerland to “a maximum of 15%” under a tariff deal announced by the Swiss government Nov. 14. As part of the deal, Switzerland will reduce its tariffs on “a range of U.S. products,” including industrial and agricultural products, and its companies “are planning to make direct investments in the USA amounting to” $200 billion by the end of 2028.
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The White House didn’t immediately respond to a request for comment, though White House officials reportedly confirmed the deal.