President Donald Trump announced Friday a Framework for a historic trade deal with Switzerland and Liechtenstein aimed at providing U.S. exporters unprecedented market access while driving billions in investment on American soil.
The Agreement on Reciprocal, Fair, and Balanced Trade will remove barriers to U.S. exports, helping secure national and economic security while creating thousands of jobs across America.
Under the framework, Swiss and Liechtenstein companies will invest at least $200 billion into the United States, with $67 billion occurring in 2026. Major Swiss companies including Roche, Novartis, ABB, and Stadler have already announced investments, with more expected.
The deal will establish a cumulative reciprocal tariff rate of no higher than 15% for Switzerland and Liechtenstein, matching the treatment given to the European Union.
Switzerland and Liechtenstein will remove various tariffs across agricultural and industrial sectors, including nuts, fish, seafood, certain fruits, chemicals, and spirits like whiskey and rum. Switzerland will also establish tariff rate quotas for American poultry, beef, and bison.
The agreement addresses non-tariff barriers that have historically prevented U.S. goods from entering Swiss and Liechtenstein markets. This includes streamlining requirements for U.S. dairy products, opening markets for U.S. medical devices, and recognizing U.S. Federal Motor Vehicle Safety Standards.
The three countries have committed to digital trade principles, including refraining from harmful digital services taxes, and will strengthen supply chain resilience by addressing non-market policies of third countries.
The U.S. goods trade deficit with Switzerland and Liechtenstein was $38.5 billion in 2024. This deal aims to eliminate that deficit by 2028.