On November 14, 2025, President Donald J. Trump announced a framework for a trade deal with Switzerland and Liechtenstein

On November 14, 2025, President Donald J. Trump announced a framework for a trade deal with Switzerland and Liechtenstein, which aims to provide greater access for U.S. exporters to these markets. The Agreement on Reciprocal, Fair, and Balanced Trade outlines plans to eliminate several trade barriers while encouraging significant investment from Swiss companies, totaling at least $200 billion over the next few years. This initiative seeks to create job growth across all states in the U.S. and address trade imbalances, aiming to reduce a $38.5 billion deficit by 2028.

The framework includes provisions related to tariffs, with Switzerland and Liechtenstein maintaining a combined reciprocal tariff rate not exceeding 15%. Additionally, the agreement tackles non-tariff barriers that have affected U.S. exports, especially in the agricultural and industrial sectors, and covers various industries from pharmaceuticals to machinery. It also emphasizes commitments to labor practices and environmental protections, reflecting a thorough approach to modern trade.

Furthermore, the deal aims to establish a strong digital trade environment and bolster supply chain resilience. By enhancing cooperation on export controls and ensuring reciprocal benefits in procurement markets, the U.S., Switzerland, and Liechtenstein aspire to create a balanced trading relationship that supports economic stability and security for American businesses and workers. The agreement is expected to be finalized by early 2026, marking an important step toward improving trade relations with these countries.

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