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2h ago

U.S., Switzerland Outline Tariff Cut to 15% in Principle, Tied to $200 Billion Investment Pledge

The understanding remains non-binding pending Swiss parliamentary review.

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Die Schweizer Wirtschaft hat im dritten Quartal spürbar unter den hohen Einfuhrzöllen der USA gelitten. Die Wirtschaftsleistung der Eidgenosschenschaft sank im Vergleich zum Vorquartal um 0,5 Prozent, wie das Wirtschaftsministerium mitteilte.

Overview

  • Officials reported a provisional move to lower additional U.S. duties on Swiss exports to 15% from 39%, a rate still far above the pre-Trump average of roughly 2%.
  • The headline pledge envisions Swiss companies investing $200 billion in the United States by 2028, though the full list of commitments has not been released and the figure is viewed skeptically in coverage.
  • A small group of Swiss business leaders, including the heads of Rolex and Richemont, engaged the White House despite lacking a formal mandate, with their outreach coordinated with Switzerland’s economy ministry.
  • Members of the Swiss delegation presented President Trump with a gold bar and a gold Rolex desk clock during their White House visit, according to the report.
  • The arrangement is described as a letter of intent with details and legal text still to come, following an earlier July pledge and an August setback when Trump rejected a prior document.