U.S. Reciprocal Tariff Reductions for Switzerland and Liechtenstein Retroactive to Nov. 14
The Office of the U.S. Trade Representative (USTR) published a notice today, Dec. 17, stating that the reduction in the reciprocal tariffs for goods from Switzerland and Liechtenstein are retroactive to 12:01 a.m. ET Nov. 14.
On Nov. 14, 2025, the U.S., Switzerland, and Liechtenstein announced a Framework to negotiate an Agreement on Fair, Balanced, and Reciprocal Trade, and have agreed to modification of certain tariff rates.
Today’s USTR notice amends the HTSUS to implement the elements of the Framework to apply the higher of either the U.S. most-favored-nation tariff rate or a tariff rate of 15%, comprised of the most-favored-nation tariff and a reciprocal tariff, on products of Switzerland or Liechtenstein, and to adjust tariffs on certain articles that are products of Switzerland or Liechtenstein, including certain agricultural goods, unavailable natural resources, aircraft and aircraft parts, and generic pharmaceuticals and their ingredients and chemical precursors.
“The United States has agreed to modify these tariff rates with the understanding and expectation that the Agreement on Fair, Balanced, and Reciprocal Trade will be successfully negotiated by the first quarter of 2026. If the Agreement is not successfully negotiated by March 31, 2026, the United States will review and reconsider these modifications, as appropriate,” USTR said.
See the Annex 1 and 2 changes in the Federal Notice here.
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., will continue to monitor this USTR action, including Customs and Border Protection (CBP) guidance, and will provide updates to our members as received.
