THE FOLLOW UP
STATEMENT

President says recent statistics show an $8.8 surplus in favor of the U.S. with Switzerland

False

Credible evidence contradicts the statement. Learn more in Methodology.

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Trade statistics confirm a surplus of $8.8 (as stated) in favor of the U.S. in the most recent reporting period.

Source summary
President Trump met with the Swiss president in Davos to discuss bilateral relations, including a joint agreement, an investment pledge and a private-sector promise. The leaders noted a reported trade "surplus 8.8 US dollars in the favor of the US," discussed pharmaceutical trade into the U.S., and praised Switzerland's ambassador and bilateral cooperation. Both sides expressed optimism about moving forward on economic cooperation.
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Latest fact check

Official U.S. data for 2024 show the U.S. ran a goods-and-services deficit with Switzerland of about $8.6 billion (goods deficit $38.3 billion minus services surplus $29.7 billion), not an $8.8 (billion) U.S. surplus. Therefore the claim that the most recent statistics show an $8.8 surplus in favor of the U.S. with Switzerland is incorrect.

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Timeline

  1. Update · Jan 22, 2026, 11:31 AMFalse
    Official U.S. data for 2024 show the U.S. ran a goods-and-services deficit with Switzerland of about $8.6 billion (goods deficit $38.3 billion minus services surplus $29.7 billion), not an $8.8 (billion) U.S. surplus. Therefore the claim that the most recent statistics show an $8.8 surplus in favor of the U.S. with Switzerland is incorrect.
  2. Original article · Jan 21, 2026
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