Swiss Exports to US Hit Record Despite Tariffs: Supply Lines

Switzerland exported a record amount of goods to the US in 2025, despite facing some of the highest tariffs that President Donald Trump imposed on goods from an advanced economy.

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 Swiss customs data published Thursday. With imports down 5.7%, that resulted in an overall surplus of 41.4 billion francs — the biggest ever.

Full Story: Swiss Exports to US Hit Record in 2025, Defying Trump Levies

From August to November, the US collected ...