Group 1 - Switzerland will be able to export products to the US at a 1.5% tariff rate, similar to the EU, marking a victory for the Swiss economy [1] - Since August, Swiss exports to the US faced a 39% tariff, which was imposed by President Trump due to a significant trade deficit [1] - In return for the reduced tariffs, Switzerland has committed to investing a total of $200 billion in the US by 2028 [1] Group 2 - The new tariff will take effect "as soon as possible," and Swiss businesses are concerned about maintaining competitive parity with EU products [1] - The breakthrough in tariff negotiations is particularly important for the watchmaking, machinery, electrical, and metal processing industries [2] - Exports of Swiss machinery and electrical engineering products to the US fell by 14.2% year-on-year in Q3, with machine tool exports dropping by as much as 43% [2] - Watch exports to the US saw a year-on-year decline of approximately 20% in August and 56% in September [2] - The Swiss Mechanical and Electrical Engineering Association welcomed the agreement but cautioned that many factors still negatively impact the export outlook [2]