The U.S. and Switzerland, joined by Liechtenstein, have agreed to a framework trade deal where the U.S. will cut tariffs on Swiss products from 39 percent to 15 percent. This agreement follows months of negotiations and aims to conclude by early 2026.

• Swiss and Liechtenstein companies will invest approximately $200 billion U.S. dollars in the United States.
• The investment includes at least $67 billion U.S. dollars by 2026 and targets sectors like pharmaceuticals, machinery, and medical devices.
• The new 15 percent tariff rate provides Switzerland with "the same treatment given to the European Union."