Trump Tariff Tracker – November 17

Over the last week, the Trump Administration has continued to reduce the reciprocal tariffs on imports from countries that enter into trade agreements with the United States, promising a range of tariff and non-tariff relief for U.S. exports to those countries.

On November 14, President Trump announced a framework for an Agreement on Fair, Balanced, and Reciprocal Trade (Agreement) with Switzerland and Liechtenstein. In return for the U.S.'s agreement to cut cumulative reciprocal tariffs on most Swiss/ Liechtenstein goods to no higher than 15%, Swiss and Liechtenstein companies will invest at least $200 billion into the United States, and Switzerland and Liechtenstein will remove barriers to U.S. exports to those countries. This tariff reduction will mean that imports from Switzerland and Liechtenstein will be subject to the same tariff treatment given to imports from the European Union. The exact details of the Agreement will be forthcoming.