Swiss firms invest $27 billion in US after tariff deal, NZZ am Sonntag reports
Swiss firms invest $27 billion in US after tariff deal, NZZ am Sonntag reports
ReutersSun, June 7, 2026 at 9:56 AM UTC
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FILE PHOTO: The container ship MSC Ronit R, which departed the French port of Le Havre eight days previously, arrives at the Port Newark Container Terminal in Newark, New Jersey, U.S. July 27, 2025. REUTERS/Eduardo Munoz/File Photo
ZURICH, June 7 (Reuters) - Swiss companies invested $27 billion in the United States between January and April, as Switzerland moves to fulfil a pledge to sharply increase investment following a tariff agreement with Washington, NZZ am Sonntag reported.
The figure was contained in an internal email from the Swiss-American Chamber of Commerce to its members seen by the newspaper, it said.
• Switzerland and the U.S. said on November 14 that Swiss companies would invest $200 billion in the U.S. over the next five years. The pledge formed part of a preliminary agreement under which U.S. President Donald Trump reduced punitive tariffs on Swiss goods to 15% from 39%, after imposing the higher rate at the beginning of August.
• The investors include Novartis which has announced two U.S. projects, including a biomedical research centre in San Diego and a cancer-drug production facility in Texas, while Roche is expanding output in North Carolina. Medical technology company Ypsomed is building a new factory in the state.
• Other investments include shipping group MSC's new North American headquarters in Miami. The newspaper said this also covers spending on cruise and logistics operations.
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• Industrial companies including machine tool maker Pfiffner Group and electronics firm Elma are expanding U.S. production capacity.
• "We are model students and we fulfil our promises," Swiss Amcham Chief Executive Rahul Sahgal was quoted as saying.
• Washington this week announced new tariffs against countries it says are not doing enough to combat forced labour.
• The U.S. plans a 12.5% tariff on Swiss goods under that measure, compared with 10% for EU goods, the newspaper said.
(Reporting by John Revill, Editing by William Maclean)
Source: “AOL Money”
