Switzerland is inching closer to a deal to cut punishing US tariffs on its exports to about 15 per cent, as companies from Rolex to Richemont take the lead in breaking months of deadlock between Bern and Washington.

Premiums for consumers buying aluminium on the physical market in the U.S. have hit record highs, driven by steep import tariffs and tight supplies globally.

Reduced U.S. tariffs on Chinese imports took effect Monday following a trade agreement between President Donald Trump and Chinese President Xi Jinping late last month.

President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his

Wholesalers in the wine industry warn that prices could be rising soon. Tariffs have impacted both importers of foreign wines and wineries at home dealing with higher operating costs.

We don’t expect any demand from China to return to the U.S. market with this change,’ said one trader at an international trading company. ‘Brazil is cheaper than the United States and even non-Chinese buyers are taking Brazilian cargoes.

European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed on Monday.

Trump's $2,000 tariff dividend proposal could cost $600 billion annually, surpassing tariff revenue. While the 2020 stimulus set a precedent, skepticism exists regarding the legality of tariffs.