Fact Sheet: The United States, Switzerland, and Liechtenstein Reach a Historic Trade Deal
Fact sheetTrade dealPublished 25/11/14Open the original
Summary
President Trump announces a trade framework with Switzerland and Liechtenstein: their companies will invest at least $200 billion in the United States, including at least $67 billion in 2026, the cumulative reciprocal tariff will not exceed 15%, and Switzerland will set tariff rate quotas for U.S. poultry, beef and bison.
By industry
- Tariffs & Reshoring1 trading day+0.3%p15 stocks5 trading days+0.3%p15 stocks20 trading days+10.6%p15 stocks
“the trading partners will pay a cumulative reciprocal tariff rate of no higher than 15%”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/11/13 | 0.0% | 0.0% |
| 25/11/14 | +0.3% | +0.0% |
| 25/11/17 | −1.3% | −1.0% |
| 25/11/18 | −1.6% | −1.9% |
| 25/11/19 | −1.0% | −0.9% |
| 25/11/20 | −2.8% | −3.0% |
| 25/11/21 | −0.2% | −1.9% |
| 25/11/24 | +1.6% | −0.5% |
| 25/11/25 | +4.3% | +0.4% |
| 25/11/26 | +5.6% | +1.1% |
| 25/11/28 | +5.8% | +1.6% |
| 25/12/01 | +6.0% | +1.1% |
| 25/12/02 | +5.8% | +1.4% |
| 25/12/03 | +9.4% | +1.7% |
| 25/12/04 | +8.8% | +1.8% |
| 25/12/05 | +7.8% | +2.0% |
| 25/12/08 | +7.2% | +1.8% |
| 25/12/09 | +7.1% | +1.5% |
| 25/12/10 | +10.1% | +2.1% |
| 25/12/11 | +13.7% | +2.5% |
| 25/12/12 | +12.0% | +1.4% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$99.5K
1,712 sh
$99.5K
Filed 25/10/21
Traded 25/10/20
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$60.9K
9,168 sh
$60.9K
Filed 25/11/12
Traded 25/11/07
- Ralph M. Della Ratta Jr.
BuySunCoke Energy
BuySunCoke Energy
SXC
$50K
7,288 sh
$50K
Filed 25/11/07
Traded 25/11/06
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$13.5K
2,032 sh
$13.5K
Filed 25/11/12
Traded 25/11/07
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$5,304
800 sh
$5,304
Filed 25/11/12
Traded 25/11/07
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$587
10 sh
$587
Filed 25/10/21
Traded 25/10/20
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.1M
3,775 sh
$1.1M
Filed 25/12/02
Traded 25/12/01
- Karla R. Lewis
SellReliance
SellReliance
RS
$577.4K
2,034 sh
$577.4K
Filed 25/12/02
Traded 25/12/01
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$3.6M
11,894 sh
$3.6M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2.9M
9,473 sh
$2.9M
Filed 25/12/11
Traded 25/12/10
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$2.7M
26,998 sh
$2.7M
Filed 25/11/20
Traded 25/11/18
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$2.4M
24,711 sh
$2.4M
Filed 25/11/20
Traded 25/11/18
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2.2M
7,326 sh
$2.2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$2M
6,741 sh
$2M
Filed 25/12/11
Traded 25/12/09
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.9M
6,108 sh
$1.9M
Filed 25/12/11
Traded 25/12/10
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.8M
21,153 sh
$1.8M
Filed 25/10/16
Traded 25/10/15
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,681 sh
$1.7M
Filed 25/12/11
Traded 25/12/10
- Brian J. Malloy
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.7M
5,545 sh
$1.7M
Filed 25/12/11
Traded 25/12/10
- Stephen D. Laxton
SellNucor
SellNucor
NUE
$163.9K
1,082 sh
$163.9K
Filed 25/11/03
Traded 25/10/30
