CaliToday (14/11/2025): The United States and Switzerland have reached a landmark trade agreement, concluding months of tense, high-stakes negotiations that saw the Trump administration deploy a "hardline" tariff strategy.
In a major development, U.S. Trade Representative Jamieson Greer confirmed to CNBC that both sides have "substantially completed" the deal.
The Swiss government, in a corresponding announcement on the social media platform X (formerly Twitter), confirmed the new breakthrough tariff rate will be set at 15%. Full details of the agreement are expected to be announced at 4 PM local time.
From 39% "Punishment" to 15% Deal
This agreement is being hailed as a direct result of President Donald Trump's aggressive negotiating stance over the summer.
The breakthrough comes months after initial talks collapsed at the White House. Following that failure, President Trump, frustrated with the Swiss delegation's inability to reach a consensus, took the dramatic step of imposing a punishing 39% tariff on the country.
That hardline move, which applied immense economic pressure, is now being credited as the decisive factor. According to sources close to the negotiations, the 39% tariff forced Bern (the Swiss capital) back to the negotiating table, compelling them to accept deeper concessions.
The new 15% rate is being framed as a major victory for the administration, validating its tough tariff strategy as a successful tool to secure deals more favorable to the American economy and American workers.