SWISS MARKET OPENINGS FOR US PRODUCTS
Beneath the framework, Switzerland will minimize duties on chosen US industrial, agricultural, fish and seafood merchandise it considers non-sensitive.
It would additionally grant duty-free quotas to the US for 500 tonnes of beef, 1,000 tonnes of bison and 1,500 tonnes of poultry. Washington mentioned Switzerland may also take away tariffs on sure nuts, fruits, seafood and chemical compounds.
In what the White Home described as a big gesture, Switzerland will recognise US motor-vehicle security requirements, a step US officers hope will ease long-standing boundaries to American automobiles in Europe.
SWISS INDUSTRY WELCOMES LEVEL PLAYING FIELD
Industrial teams hailed the announcement, saying Swiss corporations will now compete on the identical phrases as EU exporters, who secured a 15 per cent tariff degree earlier.
“For the economic sector, that is excellent news,” mentioned Nicola Tettamanti, president of Swissmechanic. “For the primary time, we now have the identical circumstances within the US market as European rivals.”
Swiss equipment, precision devices, watchmaking and meals sectors are anticipated to learn essentially the most, mentioned Hans Gersbach of the KOF Swiss Financial Institute. KOF forecasts that Switzerland’s 2026 financial progress might exceed 1 per cent as soon as the tariff minimize takes impact.
Swissmem, the expertise trade affiliation, reported on Friday that exports to the US fell 14 per cent within the three months by way of September, whereas machine-tool shipments plunged 43 per cent beneath Trump’s earlier 39 per cent tariff.
Economist Nadia Gharbi of Pictet mentioned the brand new settlement removes “the primary draw back dangers” dealing with Switzerland’s economic system, noting that the nation had suffered a competitiveness shock as a result of EU exporters confronted tariffs of solely about 15 per cent.
Switzerland had a US$38.3 billion items commerce surplus with the US in 2024, which rose to US$55.7 billion within the first seven months of 2025 amid front-loading by US importers forward of Trump’s tariff hikes.
