US Tariff Exposure
US Tariffs on Switzerland
Updated August 2026 · source: USTR Section 301 & Federal Register
Switzerland is home to major drug companies like Novartis and Roche. A 31% tariff could significantly raise the cost of prescription medications, plus luxury watches and chocolate. Your pharmacy bill may go up.
Switzerland tariff rates by sector
| Sector | US tariff rate | Source |
|---|---|---|
| patented pharmaceuticals and associated pharmaceutical ingredients | 15% | USTR / official |
Switzerland trade & debt exposure to the US
- U.S. Treasury Holdings $290.5B Major holder via banking sector
- Trade Deficit (Annual) $38.7B 2024 goods trade deficit
- U.S. Equities $980B Swiss National Bank equity portfolio
Switzerland tariffs — FAQ
What is the US tariff rate on Switzerland?
Switzerland faces an effective US tariff of 15%, with patented pharmaceuticals and associated pharmaceutical ingredients seeing the highest sector rate at 15%. Rates are drawn from USTR Section 301 schedules and recent Federal Register actions.
Which Switzerland sectors are hit hardest by US tariffs?
patented pharmaceuticals and associated pharmaceutical ingredients (15%).
What does Switzerland's tariff impact score mean?
33/100 — FinBrio's impact score combines the headline tariff rate, how many sectors are affected, and the country's trade exposure to the US into a single 0–100 measure of how hard US trade policy hits it.
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