Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters. Leading Swiss executives met Trump at the White House earlier this month. Trump was gifted a golden table clock by Rolex, which was later spotted on his desk in the Oval Office. The Trump administration agreed to limit US tariffs on Switzerland and Liechtenstein “to a maximum of 15%” under the deal, according to a statement from the Swiss government. This brings US tariffs on Switzerland in line with those on the European Union – allowing Swiss exporters the same treatment as rivals in neighboring countries.

Source: The Guardian November 14, 2025 23:16 UTC