New US Tariffs and SECO Agreements for Swiss Companies

The United States introduces additional duties of up to 12.5% on Swiss goods. SECO monitors the impacts and evolution of production chains.
Context
In brief
- US tariffs on Swiss goods starting July 24, 2026
- Maximum additional tariff of 12.5%
- Free trade negotiations concluded on August 20, 2026
- SECO active in 32 countries with 900 employees
Key facts
- What: Introduction of additional US tariffs
- When: July 24, 2026
- Where: United States / Switzerland
- Who: SECO / US authorities
- Amount: Up to 12.5%
On July 24, 2026, the United States formally adopted new restrictive measures in the form of additional tariffs, impacting imports originating from Switzerland. This decision stems from an investigation conducted by the US into trade in goods produced using forced labor, pursuant to Section 301 of the US Trade Act of 1974. For Swiss goods, the additional tariff rate is variable and can reach a maximum ceiling of 12.5%. It is understood that the calculation of final customs duties will still take into account MFN duties—namely those applied under the Most-Favored-Nation principle already in force in bilateral relations. On the diplomatic and economic relations front, it is noteworthy that, during a period of significant shifts in international flows, negotiations regarding the optimization of the free trade agreement officially concluded on August 20, 2026. The State Secretariat for Economic Affairs, better known as SECO, represents the central federal body overseeing the evolution of such dossiers. The institution, which has over 900 employees distributed across three main offices in Switzerland and 50 posted across 32 countries, serves as the primary interlocutor for strategic economic policy issues.
Organizational structure of the federal entity. SECO is divided into four distinct directorates, flanked by the Resources service area, with strategic governance entrusted to a steering committee. SECO management acts as a central discussion body for strategic issues, ensuring the operational continuity necessary to manage the challenges posed by the global trade context, including recent customs developments with the United States. The official website remains the point of reference for accessing essential information broken down by topic.
Operational details
The introduction of additional tariffs by the United States, based on the provisions of the Trade Act of 1974, requires Swiss export-oriented companies to thoroughly reflect on their procurement processes and production chains. The maximum threshold of 12.5% directly affects the final cost of products destined for the US market, requiring a review of profit margins and competitive positioning strategies. Prior to this measure, customs planning was based exclusively on MFN tariffs; now, the addition of a variable linked to the forced labor investigation changes the operational framework for Swiss economic operators.
Analysis of impacts on production supply chains.
For companies operating with complex supply chains, the impact is not limited to mere taxation, but requires rigorous mapping of production sources. Compliance with international regulations, closely monitored also by SECO, becomes an element of commercial survival. While previously attention was focused primarily on quality and price, today supply chain transparency plays a decisive role in avoiding the application of additional sanctions. It is possible to consult the cost of living cost of living to better understand how macroeconomic dynamics influence domestic purchasing power, while for businesses, the management of customs costs becomes an integral part of financial planning. The comparison between the pre-July 24, 2026 situation and the current one highlights greater pressure on Swiss companies, called upon to demonstrate full compliance with the labor ethics requirements imposed by US authorities. The conclusion of negotiations on the optimization of the free trade agreement, which took place on August 20, 2026, could represent an attempt to mitigate the trade frictions that arose with the new measures. Companies intending to operate successfully must integrate these variables into their forecast budgets, constantly monitoring communications from SECO and foreign customs authorities to promptly adapt to any regulatory changes.
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Key points
To navigate the new customs scenario correctly, Swiss companies must adopt rigorous control and documentation procedures. The first operational phase consists of verifying the customs classification of goods exported to the United States and their actual origin, ensuring that every stage of production is documentable and compliant with the forced labor regulations cited in the Trade Act of 1974. It is essential to maintain an up-to-date archive of origin certifications and production processes, ready to be presented in the event of thorough customs audits. SECO, through its official channels, offers strategic support to understand the implications of additional duties, but it is up to the individual economic operator to ensure the compliance of their business practices. For those who need an overview of salary trends or the general economic impact, it is useful to consult dedicated resources. In addition, the company's financial management requires constant monitoring of cash flows, especially in view of possible variations in MFN duties. Beyond customs aspects, workers must consider their social security situation: for those planning their future work or retirement, it is advisable to periodically check their positions with the competent bodies, evaluating the available savings options. For example, planning the third pillar represents a personal financial management tool that can complement the corporate strategy in times of economic uncertainty.
Operational steps for corporate compliance. 1. Identification of customs codes for products exported to the USA. 2. Verification of origin certificates for each product component. 3. Updating compliance protocols in line with Section 301 of the Trade Act of 1974. 4. Constant monitoring of circulars issued by SECO. 5. Consultation with international trade experts for the management of customs disputes. For proper management of personal or corporate finances within the Swiss economic context, it is always advisable to use the salary calculator to obtain clear estimates of salary costs and deductions required by current federal regulations.
Source: seco.admin.ch
Frequently Asked Questions
- When were US duties on Swiss goods introduced?
- The United States formally adopted the new restrictive measures in the form of additional tariffs on July 24, 2026. The decision stems from an investigation into trade in goods produced through forced labor under section 301 of the U.S. Trade Act of 1974, known as the Trade Act of 1974. For Swiss goods, the rate of the additional duty is variable and can reach a maximum ceiling of 12.5%, taking into account the MFN duties applied according to the most-favoured-nation principle.
- What is the role of SECO in the management of these dossiers?
- The State Secretariat for the Economy, known as SECO, represents the central federal body that oversees the evolution of these strategic dossiers. The institution has more than 900 employees spread over three main offices in Switzerland and 50 seconded in 32 countries. SECO is divided into four distinct directions, flanked by the Resources performance field, and acts as a primary interlocutor and strategic support to understand the implications of additional duties and monitor compliance with regulations.
- What are the deadlines and conclusions related to the free trade negotiations?
- In terms of diplomatic and economic relations, negotiations on the optimisation of the free trade agreement were officially concluded on 20 August 2026. This closure could represent an attempt to mitigate the trade frictions that have arisen with the new US customs measures, offering an updated framework for Swiss economic operators engaged in exports.