US implements Switzerland trade deal

( December 17, 2025, 15:44 GMT | Official Statement) -- MLex Summary: The US government has implemented a trade deal reached with Switzerland and Liechtenstein, applying either the highest of a most favored nation tariff rate or a tariff rate of 15 percent. The rates are effective retroactively to Nov. 14 with the expectation that a full agreement with both countries will be reached in early 2026. But if no agreement is reached by March 31, the US will review the tariff rates. The US carved out exemptions in the trade agreement on "certain agricultural goods, unavailable natural resources, aircraft and aircraft parts, and generic pharmaceuticals and their ingredients and chemical precursors."See attached file....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.

Know what others in the room don’t, with features including:

Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Prepare for tomorrow’s regulatory change, today

Documents

Related Sections