Switzerland to boost US investment as deal struck to lower US tariffs on Swiss goods

GENEVA -- Switzerland announced plans connected Friday to put $200 cardinal successful the United States done 2028 arsenic it finalized a hard-wrought woody to slash U.S. tariffs connected Swiss goods.

Economy Minister Guy Parmelin said the Trump medication has agreed to chopped U.S. tariffs connected astir Swiss goods to 15% — the aforesaid level imposed connected the neighboring European Union — from 39%, the highest complaint connected immoderate Western country.

The Swiss Federal Council, the country’s seven-member enforcement branch, said “Thank you President Trump for the constructive engagement” successful a station connected its X account.

The simplification successful U.S. tariffs comes months aft the Trump medication raised tariffs connected Swiss goods from an archetypal 31% announced successful April to 39% connected Aug. 1.

That sparked a speedy and sustained propulsion from Switzerland's authorities and concern leaders to bring them down — efforts that had been fruitless until Friday's announcement.