Core Insights - The United States has secured new framework trade agreements aimed at reducing high tariff rates and providing duty exemptions for four Central and South American nations [1][2] - A significant reduction in tariffs from 39% to 15% on imports from Switzerland and Liechtenstein is part of the agreements [2][5] - The U.S. is also finalizing trade agreements with Argentina, Ecuador, El Salvador, and Guatemala to enhance trade and secure supply chains in the Western Hemisphere [2][3] Summary by Categories Trade Agreements - The U.S. has formalized a trade-related agreement with South Korea, building on a framework pact established in July [3] - Recent agreements include a truce in the trade war with China and pacts with several Southeast Asian countries [3] Tariff Reductions - The U.S. plans to cap tariffs on imports from Switzerland and Liechtenstein at 15%, which will also apply to future duties on pharmaceuticals and semiconductors [5][6] - The previous 39% tariff on Swiss imports was implemented on August 7, 2023, under the Trump administration [6] Investment and Market Access - Switzerland and Liechtenstein will eliminate duties on all U.S. industrial goods, seafood, and some agricultural products, while applying tariff rate quotas on certain agricultural imports [7] - The two countries are expected to invest $200.3 billion in the U.S. over the next five years, with Switzerland contributing $200 billion [7] - Switzerland will also enhance market access for U.S. cars, medical devices, and certain meat and dairy products by adjusting regulatory restrictions [8]