US-Switzerland Trade Deal: Tariffs to Drop

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded11 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2197804

Show notes

On November eleventh, the U.S. and Switzerland are reportedly nearing a trade agreement to significantly reduce tariffs, currently at thirty-nine percent. President Trump confirmed White House officials are working on a deal to lower these rates, potentially to fifteen percent, aligning it with EU exports. This comes after initial tariffs met concern in Switzerland, a country known for exports of watches, jewelry, machinery, and pharmaceuticals. High-profile Swiss businesses opposed the initial tariff, with shares of Swiss firms like Swatch Group and Richemont increasing following news of potential reductions. The high tariff was among the steepest duties President Trump levied this year due to concerns over trade imbalances with Switzerland and other nations. The Swiss government maintains the overall trade relationship is relatively balanced, with a goods surplus not due to unfair trade practices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.