Trade Switzerland close to finalizing US customs deal, according to Bloomberg agency
Switzerland is reportedly close to a deal in the customs dispute with the USA. As the Bloomberg news agency reported on Monday, an agreement is emerging in the negotiations between the two countries. This could be reached in the next two weeks, it said.
10.11.2025, 23:19
SDA
The agreement includes a reduction in the current US tariff on imports of numerous Swiss goods to 15 percent, the US business news agency Bloomberg wrote, citing sources familiar with the matter. Since the beginning of August, Switzerland has been subject to a US punitive tariff of 39 percent. The EU, however, has only been subject to a 15 percent tariff.
The Federal Department of Economic Affairs, Education and Research (EAER) has remained tight-lipped. The department spokesman Markus Spörndli told the Keystone-SDA news agency on Monday that Bloomberg had "of course not confirmed" this. Negotiations are ongoing and no comment will be made in the meantime.
As can be seen from the video of a media conference held at the White House on Monday, US President Donald Trump said in response to a journalist's question on the subject of tariffs and Switzerland: "We are working on a deal to lower their tariffs a little bit." When asked, however, he did not want to give a specific figure. "We are working on something to help Switzerland," Trump continued.
The tariffs had hit Switzerland "very hard", but he wanted "Switzerland to remain successful." Trump also emphasized that Switzerland had been a good ally so far.
