The Swiss government said on Friday that US tariffs on its exports will be reduced to 15 percent from 39 percent and thanked President Donald Trump for a constructive engagement.

“Switzerland and the U.S. have successfully found a solution: U.S. tariffs will be reduced to 15%,” the Swiss government said in a post on X.

The government thanked Trump, adding Economy Minister Guy Parmelin’s meeting with US Trade Representative Jamieson Greer on Thursday had been productive.

It would give further details later on Friday, the government added.

By John Revill and Miranda Murray; Editors: Matthias Williams and Thomas Seythal

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