Geneva: The Swiss government announced Friday that it had reached an agreement with Washington to more than halve the steep 39-percent tariffs imposed by President Donald Trump.
"Switzerland and the US have successfully found a solution: US tariffs will be reduced to 15 percent," the Swiss government said on X, sending "thanks to President Trump... for the constructive engagement" and saying a meeting with US Trade Representative Jamieson Greer "was productive".
"Switzerland is probably the next one," US Trade Representative Jamieson Greer told CNBC in an interview.
"We've essentially reached a deal with Switzerland. So we'll post details of that today on the White House website."
On Thursday a senior US official sounded a positive note about negotiations with Switzerland, as the Alpine nation's economy minister Guy Parmelin visited in hopes of reducing steep tariffs imposed by President Donald Trump.
Trump shocked Switzerland in August when he imposed 39-percent duties on imports of goods from the country, among the highest in his global tariff blitz.
But Greer told CNBC on Friday that the Swiss were expected to send a lot of their manufacturing to the United States, such as pharmaceuticals, gold smelting and railway equipment.
The USTR's office did not immediately respond to queries about further details of the expected trade agreement.
Last week, the heads of six top Swiss firms, including the chiefs of watchmaker Rolex and luxury goods giant Richemont, met with Trump to draw his attention to the toll his tariffs are taking on their companies.
Trump has imposed sweeping duties on trading partners around the world since returning to the presidency, with separate levies on specific sectors like steel, aluminum and autos.
