The United States has modified tariffs to implement provisions of the U.S.–Switzerland–Liechtenstein Agreement on Fair, Balanced, and Reciprocal Trade. In an unpublished document, the International Trade Administration and the Office of the U.S. Trade Representative, the Harmonized Tariff Schedule is amended to grant provisional reciprocal tariff treatment while final negotiations continue. These changes take effect immediately for imports from Switzerland and Liechtenstein.
HOW ARE RECIPROCAL TARIFFS APPLIED TO SWISS AND LIECHTENSTEIN GOODS?
For products of Switzerland or Liechtenstein, the United States will apply the higher of the applicable MFN duty rate or a total duty rate of 15 percent. In practice, this means:
- Goods with an MFN rate below 15 percent are subject to an additional reciprocal duty to reach 15 percent.
- Goods with an MFN rate of 15 percent or higher are not subject to an additional reciprocal duty.
WHICH PRODUCTS ARE EXEMPT FROM THE RECIPROCAL TARIFF?
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Agricultural and specialty food products subject to tariff rate quota or exemption treatment
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Certain natural resources and raw materials used in industrial production
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Civil aircraft, aircraft parts, and related components meeting HTSUS scope limitations
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Non-patented pharmaceuticals, active ingredients, and chemical precursors
