Switzerland has reached an agreement with US President Donald Trump concerning investments in the US and increased market access for certain products in exchange for lower tariffs on Swiss goods. Both parties announced this. Switzerland is experiencing widespread relief. Luxury goods, including agricultural goods, can once again be shipped to the US.
The Swiss economy has been increasingly affected in recent months by the 39% import tariff imposed by the US president on all products from the country. The high tariffs affected a wide range of expensive luxury goods, as well as agricultural products such as Swiss cheese and chocolate. became seriously unbalanced.
New negotiations with a high-ranking Swiss delegation have led to significantly lower tariffs, down from 39% to 15%. The Swiss have had to make significant concessions in return. They have pledged to invest $200 billion in the US, a third of which will be completed by 2026. This includes the construction of an aircraft factory.
For agriculture, it's important that Switzerland further opens its market to American poultry products and beef. In return, the Swiss can resume exports to the US as usual.
Gifts
The American president has reportedly also been made more lenient thanks to the expensive goodies the Swiss brought to Washington, such as a Rolex desk clock and an engraved gold bar. Officially, these are not personal gifts, but will become the property of the American government. However, Trump is allowed to show them off, and they will later be given to the yet-to-be-furnished property. library of the then-former president. Swiss President Karin Seller Sutter did not attend this time. Previous negotiations between her and Trump had failed. Trump called her "a nice lady, but she didn't want to listen."