In a move witnessed on November 14, 2025, the US has successfully brokered a deal with Switzerland, slashing tariffs on Swiss goods down to a more manageable 15%. This comes in stark contrast to the hefty 39% tariff imposed by the Trump administration back in August 2025. The astonishing reduction is not only a testament to diligent diplomatic negotiations but also a relief for major Swiss exports, among them luxury goods like watches, chocolate, and machinery.
The plummet in tariff rates follows a period of significant strain on Swiss exports, compelled in part due to a perceived trade deficit with Switzerland. The hard-won agreement evidences the result of relentless diplomatic endeavours between the two nations, including a key meeting involving President Trump and Swiss business magnates.