CRBC News
Politics
Conflict
Security
Economy
Science
Technology
Environment
Health
Culture
Society
Lifestyle
Economy

U.S. Cuts Tariffs On Swiss Goods To 15%, Retroactive To Nov. 14, 2025 — Swiss Firms Pledge $200bn

Reuters
06:44 PM, 12/09/2025
U.S. Cuts Tariffs On Swiss Goods To 15%, Retroactive To Nov. 14, 2025 — Swiss Firms Pledge $200bn

The Swiss government said the United States will cut tariffs on Swiss goods from 39% to 15%, effective retroactively from November 14, 2025. The move follows a preliminary November 14 agreement in which Swiss firms pledged $200 billion in U.S. investments by the end of 2028. The tariffs, imposed by President Donald Trump in August and the highest levied on any European country by his administration, had alarmed Swiss businesses.

The Swiss government announced that U.S. tariffs on imports from Switzerland will be reduced from 39% to 15%, with the reduction to be applied retroactively to November 14, 2025. The move follows a preliminary agreement between Washington and Bern reached on November 14, under which Swiss companies committed to invest $200 billion in the United States by the end of 2028.

What Changed

Under the agreement, the U.S. will lower duties on Swiss-origin goods covered by Annexes 1 and 2 of the Regulation. The Swiss government said the regulation implementing the change "will come into force retroactively on November 14, 2025," providing the legal basis for the tariff reduction.

Background

The tariffs—originally set at 39%—were imposed by U.S. President Donald Trump in August, who justified the measures by pointing to a U.S. trade deficit with Switzerland. The duties were the largest the Trump administration had applied to any European country and provoked strong concern among Swiss businesses.

Market And Policy Implications

The tariff rollback and the large investment pledge aim to defuse trade tensions and restore more predictable conditions for exporters on both sides of the Atlantic. Swiss companies stand to benefit from lower entry costs into the U.S. market, while Washington cites the investment commitment as a tangible economic concession.

"The regulation on import duties for goods from the United States will come into force retroactively on November 14, 2025," the Swiss government said in its statement.

Officials in both countries will likely monitor implementation details and the progress of the $200 billion investment commitments through to 2028. The precise scope of goods affected is set out in the referenced Annexes to the Regulation.

Reporting by Ludwig Burger in Berlin; Writing by Madeline Chambers and Dave Graham; Editing by Kirsti Knolle and Ludwig Burger.

Similar Articles

Trending