The U.S. tariffs for about 90 countries further undermine the global trade system led by the World Trade Organization.
BERN, Switzerland (AN) – Punishing new American tariffs went into effect, hitting Switzerland with a 39% rate that stands as the highest among developed nations and adding a new chapter to a global trade war.
The 39% surcharge applies to all Swiss products loaded on a vessel for transport to the U.S. as of Thursday, according to guidance from U.S. Customs and Border Protection. However, key exports like pharmaceuticals and gold are so far exempt from the tariff.
The twin moves reflect an attempt to navigate intense competition between the U.S., China, and the E.U.
A 15% U.S. tariff rate on most European goods is a key point, with specifics on the auto tariffs tied to E.U. lawmaking.
Asian economies are projected to remain the largest positive driver of world merchandise trade volume growth in 2025.
The declaration underscored that complex global problems demand unified responses and strong political will.
The twin moves reflect an attempt to navigate intense competition between the U.S., China, and the E.U.
A vessel chartered by humanitarian groups had 87 rescued people on board when a Libyan patrol boat approached.
The attack drew global condemnation from the United Nations, Reporters Without Borders, and other organizations.
Critics say the digital transformation is happening faster than governance can keep up, putting sensitive aid data at risk.
