Overview
- The Swiss government said the 15% ceiling applies from Nov. 14, allowing customs refunds on shipments from that date.
- Switzerland will reduce tariffs on U.S. fish, seafood and select agricultural products and grant annual duty‑free quotas of 500 tonnes of beef, 1,000 tonnes of bison and 1,500 tonnes of poultry.
- Swiss companies pledged about $200 billion in U.S. investment by the end of 2028 as part of the framework.
- The U.S. plans to lift extra duties on items such as aircraft parts, rubber products, cosmetics and generic drugs, with the list to be published in the Federal Register as talks target a first‑quarter conclusion.
- The development follows President Trump’s August move to impose 39% duties on Swiss imports, and Swiss lawmakers have requested a probe into gifts reportedly given to the president before the November delegation.