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US Caps Tariffs on Swiss Cosmetics Imports at 15% Retroactively
THE WHAT? The US has reduced additional tariffs on Swiss imports to a 15% ceiling, applied retroactively from 14 November 2025, with cosmetics included in the affected product categories. THE DETAILS The new tariff cap replaces a previous additional duty of up to 39% on Swiss goods. Alongside existing exemptions for pharmaceuticals and certain…