This is CNBC’s coverage of U.S. President Donald Trump’s Aug. 1, 2025, announcement of rejigged tariffs against swathes of U.S. trade partners.
What you need to know
CNBC’s reporters covered the tariffs and their effect, on air and online from our bureaus in Washington; London; Singapore; San Francisco; and Englewood Cliffs, New Jersey.
Switzerland is assessing the new situation after it was hit with a new 39% tariff rate under U.S. President Donald Trump’s updated trade regime, the Federal Council said on the X social media platform.
“The Federal Council notes with great regret that, despite the progress made in bilateral talks and Switzerland’s very constructive stance from the outset, the US intends to impose unilateral additional tariffs on imports from Switzerland,” it noted.
