39 h. ago The Swiss lived in splendid isolation for years. Trump’s tariffs have shattered that complacency | Joseph de Weck

The shockwaves sent by the US president could finally push Switzerland closer to the EUGrowing up in Zurich often felt like being removed from the world. It shouldn’t be that way: after all, Switzerland is at the heart of Europe. Riding on the cosy Zurich trams, one hears all the world’s languages; and the airport offers more direct intercontinental flights than Berlin. And yet, coming of age in Switzerland is like sitting in an aquarium looking at the world through a thick bulletproof window.That glass was shattered last week when Donald Trump announced 39% tariffs on Swiss exports. The US is the most important destination for Swiss products: 18.6% of all its exports go there. If Trump maintains the tariffs, sales to the US “will be effectively annihilated”, said Switzerland’s industry lobbying group. The rightwing Swiss business minister, Guy Parmelin, announced a furlough programme to shield the economy from “mass layoffs”. The tabloid newspaper Blick captured the mood with a sta...

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63 h. ago Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump has demanded

Economics

3 d. ago Gold prices fall; Britain’s biggest chemical plant under threat – as it happened

Spot gold falls by over 1% as White House says it will clarify ‘misinformation’ about import tariffs on one-kilo gold bars; China says hopes US will strive for ’positive’ trade outcomesFour reactors at France’s Gravelines nuclear power station were shut down late on Sunday when the filter drums of the pumping stations that pull in cooling water became packed with a swam of jellyfish.The operator, the electricity company EDF, which is owned by the French government, said reactors 2, 3, and 4 stopped automatically when a “massive and unpredictable” swarm of jellyfish showed up, and reactor 6 went offline shortly after. Continue reading...

Economics

3 d. ago Oil and gold prices retreat amid Ukraine optimism; Britain’s biggest chemical plant under threat – business live

Spot gold falls by over 1% as White House says it will clarify ‘misinformation’ about import tariffs on one-kilo gold bars; jellyfish swarm shuts French nuclear power stationFour reactors at France’s Gravelines nuclear power station were shut down late on Sunday when the filter drums of the pumping stations that pull in cooling water became packed with a swam of jellyfish.The operator, the electricity company EDF, which is owned by the French government, said reactors 2, 3, and 4 stopped automatically when a “massive and unpredictable” swarm of jellyfish showed up, and reactor 6 went offline shortly after. Continue reading...

Economics

3 d. ago Oil and gold prices retreat on Ukraine optimism; Fabergé sold to US investment firm – business live

Trump and Putin due to meet in Alaska on Friday; White House to clarify ‘misinformation’ about import tariffs on gold barsEuropean stocks have risen cautiously, while oil and gold prices have fallen further, amid optimism of over a potential Ukraine peace deal, ahead of talks between Donald Trump and Vladimir Putin in Alaska at the end of the week.The FTSE 100 index has turned positive and is trading by 0.3% higher 9,124. Continue reading...

Economics

3 d. ago Trump urges China to buy more US soyabeans as trade truce deadline looms

High Chinese tariffs threaten important market for US farmers

Politics

3 d. ago Asian shares advance ahead of Trump's deadline for imposing higher tariffs on Chinese goods

Shares are higher in Asia a day ahead of U.S. President Donald Trump's deadline for imposing higher tariffs on goods imported from China

Politics

6 d. ago Gold futures jump to record high after US tariffs on cast bars

Imposition of 39% import rate described as ‘another blow’ to Switzerland’s world-leading refining industryThe price of gold futures have soared to a record high after it emerged that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the world’s refining industry.Swiss exports to the US were hit by a crippling 39% tariff on Thursday after the country’s president returned empty-handed from a last-minute dash to Washington in an attempt to get the rate, among the highest imposed by Donald Trump, lowered. Continue reading...

Politics

6 d. ago Gold futures soar to record high after reports of US tariffs on Swiss bars

Imposition of 39% export rate described as ‘another blow’ to Switzerland’s world leading refining industryThe price of gold futures have soared to a record high after it was reported that the US would put tariffs on imports of 1kg bars in a further trade blow to Switzerland, which dominates the world’s refining industry.Swiss exports to the US were hit by a crippling 39% tariff on Thursday after the country’s president returned empty-handed from a last-minute dash to Washington in an attempt to get the rate, among the highest imposed by Donald Trump, lowered. Continue reading...

Politics

6 d. ago Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

6 d. ago Trump tariffs live updates: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

7 d. ago What US consumers can expect from new tariffs on imported goods

American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them

Politics

7 d. ago Are Trump’s tariffs pushing rivals India and China closer together?

Trump’s targeting of India with hefty tariffs and closer ties with Pakistan could cost him a powerful ally in the Asia-Pacific region, reports Alisha Rahaman Sarkar

Politics

7 d. ago Trump’s new import tariffs now in force against scores of countries as trade war escalates

The U.S. president has imposed tariffs as high as 50 percent after claiming other countries are ‘taking advantage’

Politics

7 d. ago Trump’s new import tariffs now in force against scores of countries

Many imports are now subject to a 50% duty, but significant uncertainty persists

Politics

7 d. ago New US tariffs cloud outlook for exporters in Asia and beyond

President Donald Trump's new tariff rates on U.S. imports from dozens of countries have taken effect, the latest chapter in his effort to reshape global trade

Politics

8 d. ago US imposes additional 25% tariff on India for importing Russian oil – Europe live

Announcement comes after US special envoy Steve Witkoff met with Vladimir Putin in MoscowWe are getting first pictures from inside the Kremlin showing Russia’s Putin welcoming Witkoff for their talks.Earlier today, Witkoff also went for a walk through Zaryadye Park near the Kremlin with Kirill Dmitriev, the Russian president’s envoy for investment and economic cooperation, AP reported, pointing to footage aired by Tass. Continue reading...

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