Trade New tariffs possible in ten to twelve days, according to Parmelin
According to Economics Minister Guy Parmelin, the date on which the new customs tariff will come into force is unclear - but possible in ten to twelve days. "It takes a little time," said the Federal Councillor in an interview with Swiss Radio and Television (SRF).
15.11.2025, 06:03
15.11.2025, 06:28
SDA
The USA is reducing its tariffs to 15 percent for goods from Switzerland - from the previous 39 percent. This was announced by both the Federal Council and the White House on Friday. At the same time as the reduction in US tariffs, Switzerland will reduce import duties on a range of US products as part of the agreement. In addition to all industrial products and fish and seafood, these are "non-sensitive agricultural products" from Switzerland's point of view.
According to the Federal Council's statement, Swiss companies are planning to make a total of USD 200 billion in direct investments in the US by the end of 2028. According to the statement from the White House, these investments will extend over the next five years and across all 50 US states. For its part, Liechtenstein will invest 300 million dollars and create 50 percent more jobs in the private sector. According to Washington, the aim is to conclude the agreement at the beginning of 2026.
The announcement of the reduction in additional US tariffs will stabilize bilateral trade relations, the Federal Council emphasized to the media. Although the overall tariff rate remains higher compared to the situation before the additional tariffs were introduced in April, the agreed reduction is expected to provide positive impetus for the Swiss economy. The US tariffs of 39 percent had already caused damage, as they affected 40 percent of exports, said Parmelin.
