U.S. and Switzerland reach trade deal to lower tariffs to 15%

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U.S. Trade Representative Jamieson Greer is interviewed by a TV web astatine the White House successful Washington, D.C., U.S., Oct. 30, 2025.

Kylie Cooper | Reuters

The U.S. and Switzerland person reached a commercialized deal, U.S. Trade Representative Jamieson Greer told CNBC connected Friday.

Duties volition beryllium reduced to 15%, the Swiss authorities said successful a station connected X, adding that further details volition beryllium announced astatine 4 p.m. section time.

 We've fundamentally   reached a woody  with Switzerland

Back successful July, President Donald Trump announced Switzerland would beryllium deed with a 39% tariff rate, which took clasp erstwhile a Swiss delegation failed to unafraid a woody with U.S. officials during last-ditch talks successful Washington.

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