US agrees to reduce Swiss tariff rates to 15%

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  U.S.

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  tariffs on goods from Switzerland are slashed.

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  They're going to send a lot of their manufacturing here to the United States,

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  pharmaceuticals, gold smelting, railway equipment.

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  Our number one selling cheese is called Hollerhacker, mostly produced specifically for the U.S.

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  market.

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  It's World Business Report from the BBC World Service.

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  This is Andrew Peach.

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  On the way we'll look at the big Swiss exports to the US and ask what made President Trump change his mind.

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  Also today responsibility for an environmental disaster in Brazil caused by the collapse of a dam and help us at hand to reduce your screen time.

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  First, Switzerland and the US have reached a trade deal,

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  cutting US tariffs on Swiss imports from 39 to 15%.

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  That's the same on goods from its neighbours in the European Union.

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  Switzerland, in return, has agreed its companies will invest $200 billion in the United States.

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  Here's the US trade representative, Jameson Greer.

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  So Switzerland is probably the next one.

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  I just met with them yesterday afternoon.

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  I spoke with the president just this morning and yesterday I've coordinated with Cabinet colleagues,

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  Secretary Ludnick, Secretary Besson, the Chief of Staff.

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  And this is something where we've essentially reached a deal with Switzerland.

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