Switzerland is still seeking to reach a binding tariff reduction agreement with the United States

2026-02-23 21:48:20

Investing.com – The Swiss government announced on Monday that it plans to continue negotiations with the United States to ensure the conclusion of a legally binding agreement, ultimately finalizing the preliminary deal reached at the end of 2025. The preliminary agreement would reduce U.S. tariffs on Switzerland from 39% to 15%.

The Swiss Federal Department of Economics stated that it remains committed to completing the agreement with Washington. The department noted that major stakeholders, including Swiss cantons, did not request to halt negotiations after the U.S. Supreme Court ruled to overturn President Donald Trump’s tariff policies.

The department said that the main goal of the ongoing negotiations is to reach a legally binding agreement that provides Swiss businesses with as much legal certainty as possible. The government affirmed its commitment to this goal.

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