Shafaq News– Washington / Bern
Switzerlandis set to receive a major tariff reduction of 15% on select exports to theUnited States, according to Swiss Economy Minister Guy Parmelin.
In astatement, Parmelin revealed that the agreement also includes new Swissinvestment commitments in the US, at about $200 billion, forming the core of abroader trade package expected to be announced later today.
The dealfollows a US pledge to reassess duties on Swiss goods, which faced some of thehighest tariff levels imposed on any European exporter.
Thesetariffs were introduced by President Donald Trump as part of what he described,in previous statements, as a strategy to pressure trading partners intobilateral concessions and increased US-bound investment.
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