The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.S. by the end of 2028.

The United States and Switzerland, joined by Liechtenstein, aim to conclude negotiations to finalize their trade deal by the first quarter of 2026, the White House said in a statement.U.S.

Trade Representative Jamieson Greer said the agreement tears down longstanding trade barriers and opens new markets for American goods. He welcomed "massive Swiss investment to help reduce our deficit in pharmaceuticals and other key sectors" that will generate thousands of jobs across the U.S.

At least $67 billion of the $200 billion in pledged Sw

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