ZURICH/WASHINGTON: US President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling to seek ways to strike better deals. As Trump presses ahead with plans to reorder the global economy with the highest tariff rates since the early 1930s, Switzerland, “stunned” by 39 percent tariffs, sought more talks, as did India, hit with a 25 percent rate.

The US is seeing increased tariffs income, but there are signs of some countries diverting trade from America.

Trading Partners Scramble To Reach Deals With U.S. Ahead Of Trump's Looming Deadline For New Tariffs

Trump imposed tariffs on dozens of countries in advance of his August 1 deadline to strike trade deals.

President Trump announces new tariffs up to 41% on imports from multiple countries to reduce trade deficits.

Donald Trump executive order says goods imported from all countries globally will have 10% tariff except for goods from 92 nations subject to higher levies

Governments, markets and companies digest president's announcement

Trump's extensive new tariff regime on swathes of U.S. partners have reignited trade tensions, sending shock waves through markets.

European stock markets slumped to a five-week low on Friday after Donald Trump unleashed sweeping global tariffs, including a 39pc levy on Switzerland.

Donald Trump slapped tariffs between 10 and 41 per cent for 69 trading partners starting from next week

The duty would be a "devastating" blow to the export-reliant Swiss economy and businesses, analysts say.

Stocks slumped after Trump announced tariffs on a wide range of countries. A weaker-than-expected jobs report magnified the concerns about how these import taxes would impact the…

Trump threatened Switzerland with 31% tariffs but they ended up even higher, leaving the country asking why.

Governments, markets and companies digest president's announcement

European nation faces 39-percent tariff rate as Trump administration unveils new duties on dozens of trade partners.

Markets tumble as US president unleashes global chaos with rates from 10% to 50% due to take effect next week

Trump's new tariff rates have left many in shock but some countries fared better than others amid last-minute changes.

ZURICH/WASHINGTON: US President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and…

U.S. President Donald Trump last week said he would impose 39% tariffs on Swiss goods starting later this week.

Karin Keller-Sutter accused of mishandling talks as shares dive after Switzerland hit with 39% tariff