Overview
- Both governments announced an agreement in principle to cut the U.S. tariff on Swiss imports from 39% to 15%, aligning Switzerland with the European Union’s rate.
- Swiss officials said private companies plan to invest $200 billion in the United States by 2028, with the precise composition still being clarified as pharma firms expand U.S. operations.
- The White House unveiled framework deals with Argentina, Ecuador, Guatemala and El Salvador that pair U.S. tariff relief on selected goods with expanded market access for American products.
- A senior U.S. official said the Latin America measures are expected to help lower prices for items such as coffee and bananas, subject to retailers passing through savings.
- Implementation of the Swiss accord and the regional frameworks awaits U.S. administrative action and Swiss domestic processes, with some Latin America agreements targeted for finalization within weeks.