{"id":378946,"date":"2025-11-14T18:58:14","date_gmt":"2025-11-14T18:58:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/378946\/"},"modified":"2025-11-14T18:58:14","modified_gmt":"2025-11-14T18:58:14","slug":"switzerland-to-boost-us-investment-as-deal-struck-to-lower-us-tariffs-on-swiss-goods-to-15","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/378946\/","title":{"rendered":"Switzerland to boost US investment as deal struck to lower US tariffs on Swiss goods to 15%"},"content":{"rendered":"\n

GENEVA (AP) \u2014 Switzerland announced plans on Friday to invest $200 billion in the United States through 2028 as it finalized a hard-wrought deal to slash U.S. tariffs<\/a> on Swiss goods.<\/p>\n

Economy Minister Guy Parmelin said the Trump administration has agreed to cut U.S. tariffs on most Swiss goods to 15% \u2014 the same level imposed on the neighboring European Union \u2014 from 39%, the highest rate on any Western country.<\/p>\n<\/p>\n

Speaking to reporters in Bern, the capital, Parmelin hailed the deal as a result of \u201cnew momentum generated by the commitment of the American president\u201d and said it would take \u201cseveral weeks\u201d to take effect.<\/p>\n

The White House confirmed the deal Friday, adding that companies from Switzerland and tiny Liechtenstein would invest $67 billion of the $200 billion in the United States next year.<\/p>\n

\u201cThese investments will create thousands of well-paying American jobs across all 50 states in a number of sectors, such as pharmaceuticals, machinery, medical devices, aerospace, construction, advanced manufacturing, gold manufacturing, and energy infrastructure,\u201d said a White House fact sheet.<\/p>\n

The U.S. consistently runs a deficit \u2014 more than $38 billion last year \u2014 in the trade of goods with Switzerland. The White House said “this deal with Switzerland will put us on a path to eliminate that deficit by 2028.”<\/p>\n

Earlier, U.S. Trade Representative Jamieson Greer said on CNBC that Switzerland would move manufacturing of some pharmaceuticals, gold smelting and railway equipment to the United States.<\/p>\n

The reduction in U.S. tariffs comes months after the Trump administration raised tariffs on Swiss goods from an initial 31% announced in April \u2014 part of the \u201cLiberation Day\u201d tariffs on scores of countries \u2014 to 39% on July 31<\/a>.<\/p>\n

That sparked a quick and sustained push from Switzerland’s government and business leaders to bring them down \u2014 efforts that had been fruitless until Friday’s announcement.<\/p>\n

Switzerland is already a top foreign investor in the U.S. The $200 billion in Swiss investment will involve the private sector \u2014 what Parmelin called \u201cTeam Switzerland\u201d cooperating with government. It wasn’t immediately clear whether that was all new investment: Pharma giant Roche announced a $50 billion investment<\/a> as the tariff tensions emerged.<\/p>\n

Some Swiss goods, notably in the pharmaceuticals, chemicals, gold and semiconductor industries, had already been exempted from the 39% rate, which had threatened to put Swiss goods at a massive disadvantage to competitors from the EU and beyond.<\/p>\n

The U.S. will also suspend extra tariffs on other goods deemed \u201cimportant\u201d such as in aviation, but those on other sectors such as industrial machinery, watches, coffee and cheese will continue, Parmelin said. Switzerland will continue to try to lower the tariffs on those, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"GENEVA (AP) \u2014 Switzerland announced plans on Friday to invest $200 billion in the United States through 2028…\n","protected":false},"author":3,"featured_media":378947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,181822,16997,15563,67,132,68,5223],"class_list":{"0":"post-378946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-guy-parmelin","11":"tag-switzerland","12":"tag-the-trump-administration","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us","16":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115549589038232074","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/378946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=378946"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/378946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/378947"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=378946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=378946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=378946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}