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2026-07-16 11:24:11
[US Trade Representative Affirms Switzerland's Negotiation Stance, Tariff Dispute Shows Positive Turning Point] (1) US Trade Representative Greer said that Switzerland's stance in trade negotiations and its investment in the US are "positive," which is a positive sign for Switzerland, which is seeking to lock in tariffs at 15% and avoid further confrontation with Trump. (2) Last August, Trump imposed a 39% tariff on Swiss goods. Three months later, the two sides reached a preliminary framework: Switzerland accepted a 15% tariff cap (comparable to EU countries), while agreeing to provide duty-free import quotas for US meat, relax import restrictions on some agricultural products, and commit to Swiss companies investing $200 billion in the US; in exchange, the US agreed to lower tariffs. (3) Greer praised Swiss companies' investment in the US, including projects in Utah, but emphasized that negotiations are still ongoing and no final guarantee can be made.
