After months of intensive negotiations, the US tariff deadline has finally arrived. Unable to reach a deal at the final hour, Switzerland is reeling from 39% tariffs. We look at how this will affect Swiss businesses, and if it’s likely to stick.
Elsewhere, we get the reaction from two other countries that were able to strike a deal - Taiwan and Lesotho. And the 78th Edinburgh Festival Fringe gets under way, with millions of visitors expected across the festival. We see how local business is booming.
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26:22
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26:22
The final countdown to President Trump's tariff deadline
The final countdown in on for President Trump's tariff deadline. Without deals in the next few hours, dozens of countries will face the cost of sharply higher tax rates on goods they export to the US - up to close to 50% in some cases. We hear from some of these countries, and ask is Donald Trump winning his trade war?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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26:28
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26:28
US tariff deadline looms
Is President Trump’s trade war gamble paying off? More countries squeeze in last minute deals on tariffs, but many questions remain. Brazil faces 50% levies on its exports to the US. How will this go down with America's coffee-loving consumer? Meanwhile, a potential winner, South Korea is among the countries settling for a late deal before Friday's deadline. In a dizzying day of wheeling and dealing we try to make sense of the great tariffs merry go round.
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25:31
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25:31
Why will key Brazilian exports escape US tariffs?
President Trump says imports from Brazil will face a 50% tariff from next week. But why did key Brazilian exports get a pass?Also, dissent at America’s central bank, but the Federal Reserve has kept interest rates unchanged. And what does Europe’s pharmaceutical industry think of the EU-US trade deal? Ed Butler hears from the head of Germany’s leading pharma association.
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26:30
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26:30
India reacts as Trump imposes 25% tariffs
President Trump has announced that all Indian goods sold in the United States will face a tariff of at least 25% beginning 1st August. In a post on Truth Social, he accused India of imposing unfair tariffs and trade barriers that make it too difficult for US businesses to operate.
Also, the U.S. economy grew in the second quarter, driven by increased consumer spending and a sharp decline in imports. Rahul Tandon examines the overall state of the world’s largest economy.
And we hear from World Bank President Ajay Banga on the outlook for the global economy during a time of uncertainty.
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