government Switzerland This Friday, it was announced that tariffs imposed by the United States on products produced by the Alpine country would be reduced to the following levels: 15%.
“Switzerland and the US have succeeded in finding a solution. US tariffs will be reduced to 15%,” the Swiss government said in a post on X.
The government thanked President Trump, adding that Thursday’s meeting with Economy Minister Guy Parmelin and U.S. Trade Representative Jamison Greer was productive. Additional details will be announced later this Friday.
In August, President Donald Trump’s government imposed tariffs on the Alpine nation. 39% About various products such as watches and chocolates. This rate is the highest rate applicable to developed countries and puts Swiss exporters at a disadvantage compared to their European Union competitors, which are subject to a 15% tariff.
President Trump then signaled his intention to step up trade negotiations with Switzerland after meeting with Swiss billionaires at the White House last week.
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