Swiss Exports to US Hit Record in 2025, Defying Trump Levies (1)

Switzerland exported a record amount of goods to the US in 2025, defying a period when President Donald Trump inflicted some of his highest tariffs on the country.

Swiss shipments worth 54.7 billion francs ($71.5 billion) — excluding gold — went to the world’s biggest economy last year, a 3.9% increase from 2024, according to data the Swiss customs office published on Thursday. With imports down 5.7% that resulted in an overall surplus of 41.4 billion francs — the biggest ever.

From August to November, the US levied a 39% tariff on many Swiss exports after ...