Swiss say agreement reached to lower US tariffs from 39% to 15%

Geneva: The Swiss government announced Friday that it had reached an agreement with Washington to more than halve the steep 39 percent tariffs imposed...

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.