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Swiss government declines comment on report new tariff deal with US is close

ReutersNov 10, 2025 5:25 PM

- The Swiss government declined to comment on Monday after Bloomberg reported the country was close to agreeing a deal with the U.S. that would reduce Washington's tariffs on its exports to 15%.

"The talks are ongoing and we do not comment further," a spokesman for the Swiss Department of Economic Affairs said.

Bloomberg said a deal could be agreed in the next two weeks, citing unnamed sources, adding that nothing had been finalised.

Washington imposed duties of 39% on Swiss imports in August, threatening access for Swiss companies which number the United States as one of their biggest markets for watches, machine tools and chocolate.

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