U.S. and Switzerland Strike Agreement to Reduce Tariffs to 15%

Trade Deal Announcement: The U.S. and Switzerland have reached a trade deal that will reduce duties on Swiss goods to 15%, with further details to be announced later.

Impact on Manufacturing: The deal is expected to boost American manufacturing, as Swiss companies, including Roche, plan to invest significantly in U.S. production, particularly in pharmaceuticals and other sectors.

Tariff Adjustments: The agreement aligns the tariff rate on Swiss goods with that of the European Union, while still retaining tariffs to manage the trade deficit.

Economic Implications for Switzerland: The trade deal comes after Switzerland faced economic challenges due to high U.S. tariffs, prompting a revision of its economic growth forecast for 2026.