Swiss trade surplus with US grew in 2025 despite tariffs

Switzerland exported a record amount of goods to the United States last year despite a tariff dispute. Imports to Switzerland from the US fell, leading to a CHF41.1 billion trade surplus for the Alpine state. + Get the most important news from Switzerland in your inbox Swiss customs reported a 3.9% rise in Swiss goods sold in the US in 2025, amounting to CHF54.7 billion. In the same period, US imports fell 5.7% to CHF13.3 billion. + How US tariffs affected the Swiss economy Switzerland is poised to enter negotiations with US trade officials to reduce a 39% tariff burden, which was temporarily imposed on Switzerland between August and November, down to 15%. US President Donald Trump has set a March 31 deadline to conclude a legally binding agreement. + Will Swiss shops be inundated with cheap, hormone-filled beef? Switzerland’s global trade surplus with sank from a record CHF60.6 billion in 2024 to CHF54.3 billion last year. This is still the second-highest surplus figure for trade ...