The Swiss government has announced that the United States will reduce additional tariffs on imports from Switzerland, setting a new maximum ceiling of 15%. This change will apply retroactively from 14 November 2025, according to an official statement shared on Wednesday.
Why the Tariff Change Matters
This decision is part of a joint agreement published on 14 November between Switzerland, Liechtenstein, and the United States. The move aims to ease trade tensions, improve market access for exporters, and support smoother bilateral trade flows.
Switzerland Announces Tariff Cuts in Return
In exchange for the US tariff reduction, Switzerland will lower import tariffs on several fish products and agricultural goods imported from the United States. These tariff cuts are intended to keep the agreement balanced and support fair trade.
Pharmaceutical Tariffs Remain at Zero
Swiss Economy Minister Guy Parmelin confirmed that tariffs on pharmaceutical products will remain at zero for now. He also noted that if any future tariff is applied, it will not exceed the 15% ceiling established in the agreement.
Future Discussions on Key Sectors
A Swiss official said the country will continue discussions with the United States on several important sectors, including:
- Medicinal products
- Robotics
- Industrial equipment
- Other high-tech exports
The goal is to prevent new tariffs on these industries and protect the competitiveness of Swiss companies.
What This Means for Businesses
The tariff reduction is expected to:
- Lower costs for Swiss exporters selling goods into the US market.
- Improve access for US agricultural and fish products in Switzerland.
- Provide more clarity and stability for industries such as pharmaceuticals and robotics.
Key Takeaway
The new tariff agreement marks a positive step in US–Swiss trade relations. With tariffs reduced and new talks planned, businesses on both sides may benefit from lower costs and greater market certainty.
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