On Friday, Switzerland and the United States of America came to an agreement to cut tariffs from 39 percent tax to 15 percent tax on the price of exporting products. These products include gold, watches, chocolate, and even pharmaceuticals, like antibiotics and vaccines.

Last week, President Trump unexpectedly met with a group of high level Swiss executives to discuss tariffs. Later, U.S government officials and Swiss government officials met together on Thursday. As of now, it has been confirmed that tariff prices would will be reducing reduced in Switzerland, with and more details would being revealed later on in the day.

Earlier, in August, a 39 percent tariff tax was put on Switzerland by the Trump administration. This tariff is a lot higher than many other countries. Many administration officials said this was due to the unfavorable balance of trade between the United States of America and Switzerland. The USA had “essentially reached a deal with Switzerland,” Jamieson Greer, a USA trade representative said on CNBC. This deal meant Swiss would start manufacturing in the United States of America. They would manufacture pharmaceuticals, gold, and even railway equipment and parts. Greer also said, “Their companies are going to build here…We’ve already seen Roche has actually broken ground already for a pharmaceutical facility in the United States.”

The tariff that was put on Switzerland has affected their economy greatly. The tariffs and products to the U.S supplies any dairy products, watches, gold, and drugs.

Recently, the Swiss government has also posted about their recent agreement, thanking President Donald Trump for his “constructive” agreement.

On Thursday, Trump . These countries include Argentina, Guatemala, El Salvador and Ecuador, aimed and targeted at the many U.S consumers that were