US–Swiss Tariff Deal Explained: 15% US Tariffs, Hormone Beef Fears and What It Means for Swiss Farmers – 24 November 2025
The US will cut its general tariff on Swiss goods from 39% to 15% in early December, following a deal announced November 14. Switzerland pledged $200 billion in US investment by 2028 and will grant duty-free quotas for some American meats. Economy Minister Guy Parmelin confirmed the timeline but noted the agreement remains non-binding. Aircraft maker Pilatus secured a 0% US tariff under a revived 1979 pact.