Big trade news dropping: The United States is rolling back additional tariffs on a bunch of Swiss imports. We're talking aircraft, certain aviation components, cosmetics, and generic pharmaceuticals getting relief from those extra duties.

Here's the kicker for anyone doing cross-border business - both Swiss and American importers can now file for customs refunds with their respective authorities. That's real money back in the pockets of companies that've been eating these tariff costs.

This move could shake things up for trade flows between the two countries, especially in the aviation and pharma supply chains. Generic drug makers and cosmetics brands that got hit hardest might see their margins improve pretty quickly.

Anyone in logistics or trading these categories should probably check with their customs brokers about filing those refund claims. No sense leaving money on the table when regulators are literally offering to give it back.