U.S., Switzerland land trade deal that lowers Trump-imposed tariffs

• It's the latest deal to ease tariffs as the administration attempts to address an affordability crisis weighing on Americans.
• The Trump administration had previously imposed 39% tariffs on goods imported from Switzerland, the highest of any developed nation.

What they're saying: U.S. Trade Representative Jamieson Greer told CNBC on Friday that it had "essentially reached a deal" with Switzerland.

• Greer said the nation would "send a lot of their manufacturing here to the United States — pharmaceutical, gold smelting, railway equipment."
• Greer added that the White House would release details on the deal later on Friday.

Zoom in: The Swiss government confirmed a deal in a social media post.

• "Switzerland and the U.S. have successfully found a solution: U.S. tariffs will be reduced to 15%," the Swiss government said on its X account.

The intrigue: The deal comes one day after the Trump administration announced a slew of trade deals with Latin American nations, including Argentina, Ecuador, El Salvador and Guatemala.

• Trump hinted that a deal with Switzerland might be coming earlier this week.
• "I haven't set any number, but we're going to be working on something to help Switzerland," he told reporters in the Oval Office.
• "We hit Switzerland very hard. But we want Switzerland to remain successful," he added, saying the country had been a "very good ally."