Switzerland gains retroactive US tariff cuts

Tariffs imposed on Swiss goods by the United States will fall from 39% to 15% with retroactive effect from November 14. +Get the most important news from Switzerland in your inbox The basis for this is the declaration of intent signed by Switzerland, the US and Liechtenstein on that day. The US limited the flat-rate additional duty on goods imported from Switzerland to a maximum of 15%, the State Secretariat for Economic Affairs (Seco) announced on Wednesday. In return, Switzerland is lowering import duties on certain fish and agricultural products. Certain sectors and goods are currently exempt from US additional tariffs, and this should continue to apply. Such exemptions exist for pharmaceuticals, certain chemicals, gold and coffee, for example. The US is also cancelling the blanket additional tariffs for other Swiss export products. These include aeroplanes, certain parts relevant to aviation, rubber products, cosmetics and generics. The list will be published in the US Federal ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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