US tariffs on Swiss exports rise to 12.5%, widening gap with EU

The new levy replaces a lower rate as a temporary legal framework expires, leaving Swiss exporters at a competitive disadvantage compared to European Union firms facing a 10% duty.

By Handelsavisen Newsroom · Automated 2026-07-24 04:20 UTC · 1 min read

Swiss exporters face a higher tariff burden in the United States starting Friday, with the new baseline duty set at 12.5%.

The increase comes as a temporary legal framework governing trade terms expired, forcing the application of a steeper rate that exceeds the 10% levy applied to goods from the European Union.

5% avoids a sudden shock to the economy, the structural gap with EU competitors remains a significant headwind for Swiss trade balances.

The disparity creates an immediate competitive disadvantage for Swiss manufacturers and service providers operating in the US market.

While the jump from the previous 10% rate to 12.5% avoids a sudden shock to the economy, the structural gap with EU competitors remains a significant headwind for Swiss trade balances.

Economiesuisse, the Swiss business federation, has criticized the US decision, highlighting the unfair treatment relative to European partners.

The federation argues that the differentiated rates undermine the level playing field for Swiss industry, which has long relied on favorable access to the American market.