US tariffs on Swiss exports rose sharply in August 2025. The United States imposed an additional 39 per cent tariff on many Swiss goods.
The measure challenged manufacturers of machinery, precision instruments and speciality products. However, pharmaceuticals and several other product groups already benefited from exemptions.
This summary draws on an article published by The Money Magazine in September 2025. It also reflects subsequent changes to the tariff regime.
The tariff situation changed again
From 14 November 2025, a 15 per cent ceiling replaced the 39 per cent rate. After a court ruling, a temporary 10 per cent surcharge replaced country-specific duties in February 2026.
However, sector-specific tariffs and product exemptions still apply. Therefore, exporters must verify each product’s current treatment before shipment. SECO provides regularly updated information for Swiss companies.
Responding to US tariffs on Swiss exports
First, manufacturers can establish genuine production within the European Union. Poland offers a skilled workforce, competitive costs and investment incentives.
However, merely routing Swiss goods through Poland does not change their customs origin. Companies must perform sufficient processing to establish EU origin.
Second, the United Kingdom provides a business-friendly base and an efficient incorporation process. Yet tariff treatment depends on origin, not the shipping route. Therefore, companies need genuine operations and reliable origin documentation.
Finally, local US production removes import duties from finished goods manufactured there. Nevertheless, imported components may still attract customs charges. In addition, federal and state incentives vary by sector, location and project.
Swiss agility remains decisive
The 39 per cent tariff demonstrated how quickly trading conditions can change. However, it also highlighted the adaptability of Swiss manufacturers.
Companies should now review their supply chains, customs classifications and rules of origin. Moreover, they should examine contracts, pricing models and production locations. This approach can protect margins while keeping manufacturers close to their customers.
With careful planning, Swiss companies can turn trade barriers into strategic opportunities. Nevertheless, every restructuring decision requires detailed customs, tax and legal analysis.
