A house committee must act next: committee consideration.
Key Points
The United States, Switzerland, and Liechtenstein plan to negotiate a fair trade deal by early 2026. This is a plan to negotiate, not a final agreement yet.
Switzerland plans at least $200 billion of investment in the United States over five years; Liechtenstein plans $300 million. The goal is new factory and research jobs and more paid apprenticeships, with one third delivered by the end of 2026.
Switzerland and Liechtenstein would drop tariffs on all American industrial goods and seafood and ease limits on many farm goods like beef, dairy, bison, and possibly poultry. This could help American exporters and may lower some prices.
The United States would set at least a 15% tariff on many imports from Switzerland and Liechtenstein, with a 15% cap for medicines and computer chips and lower rates for some listed items. The goal is balanced trade and national security.
The countries aim to simplify rules: accept more American safety approvals for cars and medical devices, digitize customs, protect ideas and brands, fight forced and child labor, keep strong environmental rules, and avoid new digital taxes.
