The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said.

The progress was announced a day after talks in Washington, as the Alpine nation’s economy minister Guy Parmelin visited in hopes of easing steep duties the Trump administration rolled out this year.

“We’ve essentially reached a deal with Switzerland. So we’ll post details of that today on the White House website,” US Trade Representative Jamieson Greer told CNBC in an interview.

The Swiss government separately announced that Switzerland and the United States have found an agreement where US tariffs will be slashed from their current 39-percent level to 15 percent.

Trump shocked Swi

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