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US Tariffs on Imports from Switzerland

Updated 2026-05-13

Updated Feb 21, 2026: IEEPA tariff (was 31%) struck down by SCOTUS Feb 20. Replaced by 10% Section 122 tariff (effective Feb 24, expires ~July 24). Rate decreased from 31% to 10%. Section 122 tariffs expire ~July 24, 2026.

Refund Available$166B in IEEPA refunds · CAPE portal live

Did You Import From Switzerland?

If you imported goods from Switzerland between April 2025 and February 2026, you likely paid the 31% IEEPA tariff that was later ruled unconstitutional. You may be owed a refund.

Example: $50,000 in imports from Switzerland at 31% ≈ $10,500 in potential IEEPA refund (plus statutory interest)

Calculate your exact estimate →IEEPA refunds for Switzerland imports →

Section 122 Tariff

10%

was 31% (IEEPA)

232 Steel

50%

232 Aluminum

50%

Rate dropped from 31% (IEEPA) to 10% (Section 122). Not EU member. No FTA with US.

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Switzerland Import Tariff Overview

Switzerland saw the largest tariff reduction in Europe from the SCOTUS ruling — its rate plunged from 31% (IEEPA, one of the highest in Europe) to 10% (Section 122), a 21-point drop. US imports from Switzerland total approximately $50B annually, dominated by pharmaceuticals (Novartis, Roche at 0% MFN) and luxury watches. The massive rate cut transforms the economics of Swiss non-pharma exports.

Switzerland is not an EU member and trades with the US under WTO MFN terms with no bilateral FTA. Despite its small size, Switzerland is one of the largest US trading partners due to its pharmaceutical giants (Novartis, Roche, which together represent some of the highest-value pharmaceutical exports to the US) and its dominant position in luxury watchmaking. The old 31% IEEPA rate reflected Switzerland's historically high agricultural tariffs, but the Section 122 replacement at 10% dramatically narrows the gap. Switzerland's EFTA membership does not provide preferential US access.

Key Products Imported from Switzerland

Top imports include pharmaceuticals (Novartis, Roche), watches and clocks (Rolex, Omega, Patek Philippe, TAG Heuer), precision instruments, gold and precious metals, chemicals, chocolate, and cheese (Gruyere, Emmental). Switzerland is the global center for luxury watchmaking and a pharmaceutical powerhouse.

Recent Changes

Feb 20, 2026: SCOTUS struck down IEEPA tariffs 6-3 — Switzerland's rate plunged from 31% to 10% under Section 122 (effective Feb 24, expires ~July 24, 2026). A 21-point reduction — the largest in Europe. Section 232 steel and aluminum tariffs of 50% remain. Swiss pharmaceuticals from Novartis and Roche continue to grow strongly; these enter at 0% MFN, so the Section 122 tariff is the only layer and just dropped by 21 points. Swiss watch exports to the US are dramatically more competitive at 10% versus the old 31%. No FTA negotiations are currently active.

Tips for Importers

The 21-point tariff reduction is transformative for Swiss exports. Pharmaceuticals from Novartis and Roche enter at 0% MFN duty, so the effective tariff dropped from 31% to just 10% — saving potentially hundreds of millions on high-value biologics and specialty drugs. Swiss watches (Rolex, Omega, Patek Philippe) now face 10% Section 122 plus MFN watch duties (varying by movement type and case material) instead of the old 31% + MFN — accurate HTS classification remains critical. Gold and precious metals have specific HTS treatment that may limit tariff exposure. Swiss cheese (Gruyere, Emmental) faces 10% Section 122 plus MFN dairy TRQ rates. First-sale valuation is especially valuable for Swiss luxury watches purchased through distributors. The Section 122 tariff expires ~July 24, 2026 — plan inventory accordingly.

How US Tariffs on Switzerland Work

US import duties on goods from Switzerland are determined by multiple overlapping tariff authorities. The base layer is the Section 122 tariff at 10%, which applies to all countries and is set to expire around July 24, 2026. Section 232 tariffs of 50% on steel and 50% on aluminum apply to metals imports, regardless of the Section 122 rate.

To calculate the total duty on a specific import from Switzerland, use our tariff calculator or landed cost calculator for a complete estimate including Merchandise Processing Fee (MPF) and Harbor Maintenance Fee (HMF). You can also compare Switzerland rates with other countries to evaluate sourcing alternatives.

See tariff rates for:

Electronics Clothing & Apparel Footwear Automobiles & Parts Steel & Aluminum Food & Agriculture Furniture Machinery & Equipment Pharmaceuticals Plastics & Rubber Toys & Games Energy & Batteries Textiles & Fabrics Chemicals

Compare with Alternative Sources

🇩🇪Germany 🇮🇪Ireland 🇬🇧United Kingdom Full Comparison Tool

Browse Switzerland Tariffs by Product Category

Ch. 27: Mineral Fuels, Oils0.5% avg MFN Ch. 30: Pharmaceutical Products0% avg MFN Ch. 39: Plastics4.2% avg MFN Ch. 61: Knitted or Crocheted Clothing14.5% avg MFN Ch. 62: Woven Clothing12% avg MFN Ch. 72: Iron and Steel1.8% avg MFN Ch. 73: Articles of Iron or Steel3.5% avg MFN Ch. 84: Machinery2% avg MFN Ch. 85: Electrical Machinery2.5% avg MFN Ch. 87: Vehicles (not Railway)2.5% avg MFN

Compare Switzerland with Other Countries

Switzerland vs Germany

US States Importing from Switzerland

New York$150B total imports

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Guides for Switzerland Importers

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Frequently Asked Questions

How much did Swiss import tariffs drop after the SCOTUS ruling?

Switzerland's rate plunged from 31% (IEEPA) to 10% (Section 122), a 21-percentage-point reduction — the largest drop in Europe. The old 31% rate was the highest in Europe, reflecting Switzerland's agricultural tariff barriers. The new 10% rate puts Switzerland on equal footing with EU countries and the UK for the first time since the IEEPA tariffs were imposed.

How does the tariff reduction affect Novartis and Roche pharmaceutical imports?

Swiss pharmaceuticals enter at 0% MFN duty, making the Section 122 tariff the only cost layer — and it just dropped from 31% to 10%. For high-value biologics and specialty drugs worth billions annually, this 21-point reduction represents enormous savings. Novartis and Roche are among the largest pharmaceutical exporters to the US, and the lower tariff improves the economics of Swiss-manufactured drug production versus US-based alternatives.

Are Swiss watches from Rolex and Omega more affordable after the ruling?

Swiss watches now face 10% Section 122 (down from 31% IEEPA) plus MFN watch duties that vary by movement type, case material, and band type. For a $10,000 Rolex, the Section 122 reduction alone saves roughly $2,100. First-sale valuation — using the manufacturer-to-distributor price — can further reduce the dutiable value for watches purchased through authorized distribution channels.

Why did Switzerland have the highest IEEPA tariff in Europe at 31%?

The IEEPA reciprocal tariff was calculated based on each country's own tariff barriers against US goods. Switzerland's historically high agricultural tariffs (some exceeding 100% on meat and dairy) and overall trade restrictions resulted in the 31% rate — the highest in Europe. The Section 122 replacement at a uniform 10% eliminates this calculation methodology, leveling the playing field across all countries.

Note: Rates shown do not include potential anti-dumping or countervailing duties (AD/CVD), which may apply to specific products and can significantly increase total duty. Consult a customs broker for product-specific rates.