White House Issues Fact Sheet on Switzerland Trade Deal
The White House issued a fact sheet Nov. 14 confirming a trade deal with Switzerland that sets a "cumulative reciprocal tariff rate of no higher than 15%" for Switzerland, giving it the "same treatment given to the European Union."
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The U.S., Switzerland and Liechtenstein also committed to a "robust set of digital trade principles," such as refraining from "harmful" digital services taxes. The countries agreed to "work expeditiously" to finalize the agreement, "with the aim of concluding negotiations in early 2026."
The Swiss agreed to remove "a range of tariffs across agriculture and industrial sectors" and that Swiss companies will invest "at least $200 billion" into the U.S.
Before the fact sheet was published, the Swiss government thanked President Donald Trump on social media "for the constructive engagement."