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Trump administration lowering tariffs on Switzerland

<i>Jose Cendon/Bloomberg/Getty Images via CNN Newsource</i><br/>A Jaeger-LeCoultre SA luxury watch store in Geneva
<i>Jose Cendon/Bloomberg/Getty Images via CNN Newsource</i><br/>A Jaeger-LeCoultre SA luxury watch store in Geneva
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Published 9:43 AM

By Elisabeth Buchwald, CNN

(CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, the Swiss government announced Friday following a meeting with US Trade Representative Jamieson Greer.

The tariff rate the US charges on Swiss imports will fall to 15% from 39%, among the highest levies the United States charges for any country’s goods.

This is a developing story and will be updated.

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