US Cuts Swiss Tariffs to 15%; Swiss Firms Pledge $200B

US and Switzerland have agreed to cut US tariffs on Swiss goods from 39% to 15% by early December. Once approved by both legislatures, the new Swiss tariffs rate will take effect within two weeks, aligning US import duties with EU rates. In return, Swiss firms have pledged $200 billion of investment in the US by 2028, targeting chemicals, machinery and high-tech sectors. This bilateral trade deal aims to boost US manufacturing jobs, stabilize Swiss export forecasts and foster fair competition. While this tariff reduction signals stronger Swiss-US trade ties, experts warn it still needs ratification in both parliaments and detailed implementation plans. The deal’s impact on the Swiss franc, which already rose 0.4% after the announcement, and global markets will depend on legislative approval and any exemptions for sensitive products. Traders should monitor developments for potential shifts in market stability.