Overview
- Washington and Bern unveiled a plan to reduce U.S. duties on Swiss goods from a 39% surcharge to 15%, a step that also applies to Liechtenstein and awaits formal completion in early 2026.
- Swiss officials outlined concessions that include removing duties on U.S. fish and seafood and certain non‑sensitive farm goods, plus small duty‑free quotas for beef, bison and poultry.
- Swiss companies pledged $200 billion in U.S. investment by the end of 2028, a private‑sector commitment highlighted by the White House as part of the broader understanding.
- President Trump signed a decree excluding many staples from his April “reciprocal” tariffs—covering items such as coffee, tea, bananas, tomatoes and some beef cuts—though reporting notes the move may not eliminate all duties on those products.
- Reports of Swiss executives presenting a Rolex desk clock and inscribed gold ingots to Trump during recent outreach spurred legal and ethical scrutiny, even as broader trade talks continue and other exporters, including Brazil, seek further relief.