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flag U.S. and Switzerland agree on 15% tariff on Swiss goods, retroactive to Nov. 14, 2025, after negotiations.

flag Switzerland and the U.S. have agreed to a 15% tariff on Swiss imports, retroactive to November 14, 2025, down from an initial 39% rate. flag The change follows negotiations after Swiss officials urged Washington to revise the higher tariff, which threatened key exports like watches, chocolate, and precision machinery. flag In exchange, Switzerland pledged $200 billion in U.S. investments and reduced tariffs on American agricultural and fish products. flag The new terms aim to restore fair market access for Swiss firms, aligning them with EU and other major trading partners. flag Meanwhile, two Swiss lawmakers are calling for a probe into gifts reportedly given to Donald Trump by Swiss business leaders before the deal, raising concerns about potential violations of anti-bribery laws.

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