Over the last several days, listeners have seen significant activity involving United States Trade Representative Jamieson Greer on the international stage. Late last week, major headlines covered the United States reaching a landmark agreement with Switzerland to reduce tariffs and boost investment. Jamieson Greer, in an interview with CNBC, confirmed that the United States will cut tariffs on Swiss imports from thirty nine percent to fifteen percent, one of the sharpest reductions for any country’s goods in recent memory. This new level matches the European Union’s fifteen percent tariff rate. In return, Switzerland has pledged at least two hundred billion dollars in investments into the United States by twenty twenty eight, with sixty seven billion dollars expected as early as twenty twenty six. US officials emphasized this deal dismantles long-standing trade barriers and is expected to open new American markets. These investments will focus on expanding US manufacturing in pharmaceuticals, medical devices, aerospace, and gold manufacturing. Swiss companies such as Roche, Novartis, ABB, and Stadler are cited as key contributors.
Beyond Switzerland, Jamieson Greer led the United States delegation for the fifth round of in-person negotiations with Vietnam on a reciprocal trade agreement. The meetings, held in Washington, D.C. from November twelfth to fourteenth, focused on critical issues such as services, digital trade, agriculture, technical barriers, and sanitary and phytosanitary standards. Both sides reported major progress in narrowing outstanding differences. The Vietnamese Minister of Industry and Trade led the talks for Vietnam and praised the productive working relationship with Greer. According to the Ministry of Industry and Trade, the round’s progress has laid a strong foundation for an early conclusion of the bilateral agreement. The two countries agreed to hold virtual ministerial meetings before the end of the month, with follow-up online sessions scheduled to address remaining issues.
On the horizon, Trade Representative Greer is also scheduled to travel to Europe for high-level talks with the European Union Trade Commissioner between November nineteenth and twenty second. Reports indicate he plans to warn the European Union against delaying tariff cuts on American goods and to push for further market access for US exporters.
Listeners should keep an eye on these ongoing diplomatic efforts, as the outcomes of these negotiations are expected to shape future trade, investment, and job growth in key sectors in the United States and with important trading partners.
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