US-Swiss Tariff Deal: A Sigh of Relief for Swiss Industries
Update: 2025-11-15
Description
Swiss industries, including watchmakers, breathe a sigh of relief as U.S. reduces tariffs from 39% to 15%, aligning Switzerlands rate with the EUs. This follows high-level discussions and a series of meetings with American officials and industry leaders. The agreement comes after a tumultuous year, with Swiss watch exports to the U.S. dropping by 56% in September. The new deal also includes an agreement for Switzerland to establish new manufacturing locations for pharmaceuticals, gold, and other goods in the U.S.
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