Headlines
US reaches trade deal with Switzerland, USTR says
Published by Global Banking and Finance Review
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
The US and Switzerland have reached a trade agreement to enhance manufacturing and reduce trade surplus, focusing on pharmaceuticals and gold smelting.
WASHINGTON (Reuters) -The Trump administration has reached a trade deal with Switzerland and will provide details on the White House website later on Friday, U.S. Trade Representative Jamieson Greer told CNBC in an interview.
Under the agreement, Switzerland will send a lot of manufacturing to United States and bring down its U.S. trade surplus, he said, adding that the pact also targets pharmaceuticals, gold smelting and railway equipment.
(Reporting by Susan Heavey and David Lawder; Editing by Doina Chiacu)
Manufacturing is the process of converting raw materials into finished goods through the use of labor, machines, tools, and chemical or biological processing.
A trade surplus occurs when a country's exports exceed its imports, resulting in a positive balance of trade.
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