White House announces framework for U.S. trade deal with Liechtenstein and Switzerland

Commitments related to tariffs, non-tariff barriers, and digital trade

Share
november 14, 2025

The White House today announced in a joint statement the framework for a trade deal between the United States, Switzerland, and Liechtenstein that includes provisions seeking to remove barriers to U.S. exports and promote reciprocal trade.

Key trade provisions outlined in the White House fact sheet include:

  • Switzerland and Liechtenstein intend to remove a range of tariffs across agriculture and industrial sectors, and the United States will impose a cumulative reciprocal tariff rate of no higher than 15% (the same treatment given to the EU).
  • Switzerland and Liechtenstein intend to address a range of non-tariff barriers.
  • The United States, Switzerland, and Liechtenstein have committed to a set of digital trade principles, including refraining from harmful digital services taxes (DSTs).
  • The United States, Switzerland, and Liechtenstein intend to strengthen supply chain resilience by addressing non-market policies of third countries.

Negotiations are expected to conclude in early 2026.

For more information, contact a professional with KPMG Trade & Customs services:

 

Andrew Siciliano

Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich

Partner
E
: dzuvich@kpmg.com

Irina Vaysfeld

Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin

Principal
E
: jlmcloughlin@kpmg.com

Luis (Lou) Abad

Principal

E: labad@kpmg.com

George Zaharatos

Principal

E: gzaharatos@kpmg.com

Christopher Young

Principal

E: christopheryoung@kpmg.com

Amie Ahanchian

Principal

E: aahanchian@kpmg.com

Gisele Belotto

Principal

E: gbelotto@kpmg.com

Steve Brotherton

Principal
E
: sbrotherton@kpmg.com

Jessica Libby

Principal

E: jlibby@kpmg.com

Dawn Olesky

Principal

E: dolesky@kpmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.
All fields with an asterisk (*) are required.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline