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.

This is a breaking news story. Please refresh for updates.

Source

Politics

Trump attacks Powell again amid Fed independence fears: ‘Incompetent’ or ‘crooked’

January 13, 2026

U.S. President Donald Trump looks at Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” […]

Politics

Iran’s regime in its ‘final days and weeks’ after mass protests, Germany’s Merz says

January 13, 2026

German Chancellor Friedrich Merz (CDU) gives a press statement on the sidelines of his visit to the Bosch company. This is the last stop on his trip to India. Picture Alliance | Picture Alliance | Getty Images German Chancellor Friedrich Merz on Tuesday said the embattled Iranian regime appears to be finished as mass protests […]

Politics

Trump’s tariff gambit over Iran risks derailing U.S.–China trade deal

January 13, 2026

TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Andrew Caballero-reynolds | Afp | Getty Images President Donald Trump’s threat of 25% tariffs on countries doing business with Iran has raised […]