Executive Order (EO) 14346, “Modifying the Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements” signed on September 5, 2025, directed and authorized the Secretary of Commerce (Commerce), the Secretary of Homeland Security, and the United States Trade Representative (USTR) to take all necessary actions to implement and effectuate EO 14346. EO 14346 further directed Commerce and USTR to determine whether the United States must take any action to implement a final trade and security framework agreement between a foreign trading partner and the United States, including any necessary modifications to the Harmonized Tariff Schedule of the United States (HTSUS) through notice in the Federal Register.
On November 14, 2025, the United States, Switzerland, and Liechtenstein announced a Framework to negotiate an Agreement on Fair, Balanced, and Reciprocal Trade (“the Framework”), and have agreed to the modification of certain tariff rates. On December 17, 2025, a Federal Register Notice (FRN), “Implementing Certain Tariff-Related Elements of the Framework for a United States–Switzerland–Liechtenstein Agreement on Fair, Balanced, and Reciprocal Trade” was posted for public inspection in the Federal Register, with a scheduled publication date of December 18, 2025. The guidance below is based on this FRN which includes modifications to the International Emergency Economic Powers Act (IEEPA) tariffs (specifically, the “Reciprocal” tariffs imposed pursuant to Executive Order 14257 of April 2, 2025, as amended) applicable to certain imported articles that are products of Switzerland and certain imported articles that are products of Liechtenstein. Read More→
https://content.govdelivery.com/bulletins/gd/USDHSCBP-4005e74?wgt_ref=USDHSCBP_WIDGET_2
