A Jaeger-LeCoultre SA luxury watch store in Geneva, Switzerland, on Tuesday, Nov. 7, 2023. The Swiss franc has gained about 3% against both the euro and dollar this year a big headwind for companies like Cartier owner Richemont and industrial conglomerate ABB Ltd., which generate the majority of revenues overseas. Photographer: Jose Cendon/Bloomberg via Getty Images Jose Cendon/Bloomberg/Getty Images

The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, the Swiss government announced Friday following a meeting with US Trade Representative Jamieson Greer.

The tariff rate the US charges on Swiss imports will fall to 15% from 39%, among the highest levies the United States charges for any country’s goods.

This is a developing story and will be upda

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