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

U.S. Trade Representative Jamieson Greer is interviewed by a TV network at the White House in Washington, D.C., U.S., Oct. 30, 2025.

Kylie Cooper | Reuters

The U.S. and Switzerland have reached a trade deal, U.S. Trade Representative Jamieson Greer told CNBC on Friday.

Duties will be reduced to 15%, the Swiss government said in a post on X, adding that further details will be announced at 4 p.m. local time.

U.S. Trade Rep. Jamieson Greer: We've essentially reached a deal with Switzerland

Back in July, President Donald Trump announced Switzerland would be hit with a 39% tariff rate, which took hold when a Swiss delegation failed to secure a deal with U.S. officials during last-ditch talks in Washington.

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