China Trade Deal Cuts Tariffs

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A Win for Watches and Medicine Think about the last time you bought something made in another country. Now imagine the price dropping every time you bought it. That is what is happening for Swiss exporters, thanks to a new trade deal between Switzerland and China. Swiss officials say that for 99.8% of the nation’s present-day exports to China, tariffs are being eliminated. That covers everything from luxury watches to life-saving pharmaceuticals. Precision instruments, a Swiss specialty, also get in without the extra cost. The agreement updates a free-trade deal that has been in force since 2014. The old deal…

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