Swiss government says new 15% U.S. tariff ceiling retroactive to mid-November

Group 1 - The Swiss government announced that the agreement to reduce U.S. tariffs on Swiss imports to a ceiling of 15% will be retroactive to November 14 [1] - The previous tariff rate of 39% imposed by President Donald Trump in August has been significantly reduced [1] - Both countries can claim customs refunds from the effective date of the agreement [1] Group 2 - The reduction in tariffs will lead to an average decrease of around 10% in trade-weighted U.S. tariffs on Switzerland [2] - This change is expected to significantly improve access to the U.S. market for Swiss companies [2] - The United States was the top destination for Swiss exports in 2024, highlighting the importance of this tariff reduction [2]