U.S. customs duties on Swiss products will be reduced to 15% with retroactive effect from November 14, the date a draft agreement was signed, Bern announced on Wednesday, December 10. In return, Switzerland will lower its customs duties on selected U.S. fishery and agricultural products, the Swiss Ministry of Economy said in a statement.
“The retroactive implementation of the U.S. tariff concessions will provide significant relief for Swiss exporters,” Economy Minister Guy Parmelin said at…
Switzerland secures retroactive cut of U.S. customs duties to 15%
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