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  • 6 weeks ago
The U.S. and Switzerland have reached a trade agreement that reduces tariffs on Swiss goods to 15% and includes a pledge of $200 billion in Swiss investment's.
Transcript
00:00The U.S. and Switzerland have reached a trade agreement that reduces tariffs on Swiss goods to 15%
00:05and includes a pledge of $200 billion in Swiss investment in the United States by 2028.
00:11The deal will bring new manufacturing to the U.S. as Swiss companies commit to building facilities stateside.
00:17The agreement aligns Swiss tariff rates with those imposed on EU imports
00:22while maintaining a tariff to help address the U.S. trade deficit.
00:25Switzerland hopes the tariff reduction will stabilize bilateral trade
00:30after months of economic strain from previously imposed U.S. duties.
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