U.S. and Switzerland reach trade deal to lower tariffs to 15%

Switzerland has been subject to one of the highest tariff rates levied on an individual country by the Trump administration.

CNBC • Nov 14, 2025

US tariffs on Swiss goods cut to 15% in deal struck with Trump administration

In exchange, Swiss officials committed to series of quotas for imports from the US on a duty-free basis

The Guardian • Nov 14, 2025

US-Switzerland trade deal: tariffs slashed to 15%, boosting pharma and watches

After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August. The agreement marks a stunning reversal for the Swiss economy, which saw exports to America collapse by 14% in the three months to September.

Invezz • Nov 14, 2025

U.S. And Switzerland Reach Trade Agreement—Lowering Tariffs To 15%

The U.S. and Switzerland have reached a trade agreement that will lower tariffs on Swiss goods to 15%, American and Swiss officials announced on Friday, after President Donald Trump's levies disrupted trade in Switzerland's luxury exports.

Forbes • Nov 14, 2025

Fiera Capital Corporation (FSZ:CA) Q3 2025 Earnings Call Transcript

Fiera Capital Corporation ( FSZ:CA ) Q3 2025 Earnings Call November 13, 2025 10:00 AM EST Company Participants Natalie Medak Maxime Ménard - CEO & Global President Lucas Pontillo - Head of Corporate Strategy, Global CFO & Executive Director John Valentini - Executive Director, President & CEO of Fiera Private Markets Conference Call Participants Etienne Ricard - BMO Capital Markets Equity Research Jaeme Gloyn - National Bank Financial, Inc., Research Division Graham Ryding - TD Cowen, Research Division Presentation Operator Good morning, and welcome to Fiera Capital's earnings call to discuss financial results for the Third Quarter of 2025. I will now turn the conference over to Natalie Medak, Director, Investor Relations.

Seeking Alpha • Nov 13, 2025

U.S. and Switzerland working on a deal to slash 39% tariffs

The 39% duty was met with dismay, with business leaders saying it was damaging business. Switzerland's key exports include watches, jewelry, machinery, chocolate, and pharmaceutical products.

CNBC • Nov 11, 2025

Breitling CEO: U.S. tariffs 'terrible news' for Switzerland

Georges Kern, CEO of Swiss luxury watchmaker, Breitling discusses the impact of U.S. tariff rate of 39%, and explains how consumer sentiment is being affected by political instability across Europe.

CNBC International TV • Oct 15, 2025

Swatch sells watch lampooning Trump's 39% tariffs on Switzerland

Swiss watchmaker Swatch has begun selling a special edition watch with the numbers three and nine reversed on its face in a play on the 39% tariffs President Donald Trump imposed on U.S. imports from Switzerland last month.

Reuters • Sep 12, 2025

Swiss Businesses Fear Being ‘Annihilated' by One of the World's Highest Tariffs

Goods shipped from the country face a 39% tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.

NYTimes • Aug 7, 2025

Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why

Switzerland is facing 39% tariffs on goods imported to the U.S. from Aug. 7. The looming duties have caused concerns about the Swiss economy, industry and interest rate outlook.

CNBC • Aug 6, 2025