US reaches trade deal with Switzerland, Liechtenstein

The U.S. on Friday reached a trade deal with Switzerland and Liechtenstein, lowering tariffs on the former.

"Switzerland and the U.S. have successfully found a solution: U.S. tariffs will be reduced to 15%," the Swiss Federal Government posted on X. "Thanks to President Trump @POTUS for the constructive engagement. The meeting @USTradeRep with Amb. J. Greer was productive."

U.S. tariffs on Switzerland will be reduced from 39% to 15%, The Hill reported.

“President Trump’s unmatched dealmaking continues to deliver for the American people,” U.S. trade representative Jamieson Greer said in a statement. “This framework tears down longstanding trade barriers that have held U.S. exporters back and secures billions in new investment on American soil—investment that will generate thousands of good-paying jobs in every state.” 

“This deal builds upon the success of America first Trade Policy by correcting chronic trade imbalances, opening new markets for U.S. goods, and welcoming massive Swiss investment to help reduce our deficit in pharmaceuticals and other key sectors,” he continued.

Both Switzerland and Liechtenstein will remove tariffs on various fresh and dried nuts, fish and seafood, certain fruits, chemicals, and spirits such as whiskey and rum, according to the White House.

Also, "Swiss and Liechtenstein companies will invest at least $200 billion into the United States, with at least $67 billion worth of investment occurring in 2026," a White House fact sheet reads.