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U.S. failed to secure control over $200B in Swiss investments; deal lowers tariffs to 15% with no oversight.
The U.S. sought during trade talks to gain discretionary control over $200 billion in Swiss investments by 2028, a demand reportedly pushed by Commerce Secretary Howard Lutnick and inspired by a prior U.S.-Japan agreement, but Swiss officials rejected it.
The final framework, announced November 14, cuts U.S. tariffs on Swiss goods from 39% to 15% and secures the investment pledge without U.S. oversight.
Neither the U.S. Trade Representative nor Treasury pursued the control demand, and the Swiss Economy Ministry declined to comment on negotiations, affirming only their commitment to facilitating U.S. investment.
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Estados Unidos no logró asegurar el control de más de $ 200 mil millones en inversiones suizas; el acuerdo reduce los aranceles al 15% sin supervisión.