Fact Sheet – The United States, Switzerland, and Liechtenstein Reach a Historic Trade Deal

Fact Sheet – The United States, Switzerland, and Liechtenstein Reach a Historic Trade DealThis fact sheet announces a framework for a historic trade deal between the United States, Switzerland, and Liechtenstein, framed as a major step toward lowering the U.S. trade deficit, strengthening national and economic security, and securing large investment flows into the U.S.The Agreement on Reciprocal, Fair, and Balanced Trade will:Swiss and Liechtenstein companies will invest at least $200 billion in the United States, with at least $67 billion in 2026 alone.These investments are expected to create thousands of well-paying jobs across all 50 states in sectors such as:Major Swiss companies already tied to the framework include Roche, Novartis, ABB, and Stadler.Switzerland also commits to balancing its trade with the United States.The partners will pay a cumulative reciprocal tariff rate capped at 15%, similar to the treatment given to the European Union.The framework is presented as groundbreaking on supply chains, security, and market access, with a special focus on U.S. agricultural exports (poultry, bison, beef).Key economic and regulatory measures include:Tariffs:Switzerland and Liechtenstein will remove tariffs across a broad range of agricultural and industrial goods, including:Switzerland will establish tariff rate quotas for U.S. poultry, beef, and bison.Non‑tariff barriers:Address long‑standing restrictive measures that kept U.S. goods out, including:Digital trade & supply chains:All three parties commit to robust digital trade principles, including:They will strengthen supply chain resilience, in part by:Expanded cooperation on export controls, sanctions, and investment screening.Timeline & deficit goal:They will work quickly to finalize the Agreement, aiming to conclude negotiations in early 2026.The U.S. goods trade deficit with Switzerland and Liechtenstein was $38.5 billion in 2024; this deal is positioned as putting the U.S. “on a path to eliminate that deficit by 2028.”The fact sheet ties this deal to Trump’s broader “America First” trade policy:The deal is framed as:1. Big Picture: Trade, Investment, and Jobs2. Promoting Reciprocal Trade & Market Access3. “Liberating America from Unfair Trade Practices”