Trump Puts Switzerland in Trade-War Crossfire

Wall Street Journal: “In a land famed for its neutrality and order, the Swiss reacted with shock and confusion to Trump’s decision to impose a 39% tariff—higher than all but three nations on last week’s executive order: Laos, Myanmar and Syria. Switzerland is one of the few nations whose Aug. 1 tariff rate was higher than Trump’s ‘Liberation Day’ threats in April.”

“The move upended months of negotiations in which Swiss officials believed they were on the verge of securing a favorable deal.”