U.S.-Switzerland Trade Deal Cuts Tariffs

Get ready for a major trade shake-up! The U.S. and Switzerland just struck a deal

to cut U.S. tariffs on Swiss goods, capping them at 15%.

This is a big shift from the hefty 39% tariffs set earlier, translating to a 10% average reduction

in trade barriers. The U.S. stands as Switzerland's top export partner, so Swiss companies

are set to gain improved market access. In exchange, Switzerland will

lower tariffs on certain U.S. farm products and offer duty-free quotas on select

meats. Expect to see Switzerland investing about $200 billion in the U.S.

by 2028, as the U.S. also drops more tariffs on Swiss exports.