The United States has reduced tariffs on Swiss goods from a punishing 39 to 15, bringing relief to Swiss businesses and the Geneva economy, according to Vincent Subilia, Director General of the Geneva Chamber of Commerce, Industry and Services (CCIG).br br Trump’s 2025 tariffs had stunned Switzerland, which had eliminated its own industrial tariffs the previous year. The new framework trade agreement also includes a Swiss pledge to invest $200 billion in the U.S. by 2028.br br Subilia called the move a “step in the right direction” and said it would help preserve jobs, stabilize tax revenues, and protect Swiss industries including machinery, watchmaking, jewelry, and medtech.