US and Switzerland finalize trade deal, reducing tariffs to 15%

On November 14, 2025, the United States and Switzerland finalized a trade deal that significantly reduces tariffs on Swiss imports from 39% to 15%. In exchange for the tariff reduction, Switzerland will relocate key manufacturing operations to the United States.

This agreement marks a notable shift in trade relations between the two countries, aiming to enhance economic cooperation and facilitate smoother trade flows. The deal is expected to benefit both nations by lowering costs for consumers and businesses involved in the import and export of goods.

Further details regarding the specific products affected by the tariff reduction and the timeline for the relocation of manufacturing operations have not been disclosed. This trade agreement comes amid various global economic developments and reflects ongoing efforts to strengthen international trade partnerships.

For more on related coverage, see recent developments in politics.