U.S. President Donald Trump said on Wednesday he had agreed to lower the 39% U.S. tariff rate on imports from Switzerland to 15% amid pressure from Swiss companies, including Rolex, but the rate could rise again.

The Trump administration has numerous tariffs in place, impacting global trade and relations with dozens of countries. Here's what to know.

“Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed through to U.S. buyers,” the authors of the research wrote in a study, which analyzed $4 trillion of shipments between January 2024 and November 2025.

President Donald Trump imposed the tariff on certain AI chips, such as the Nvidia H200 AI processor ​and a similar semiconductor from AMD called the MI325X, under a new national security order released by the White House.

Trump’s Greenland tariff plan would tax Americans to punish allies—expanding failed trade policy for a fantasy land deal. Here’s who really pays.

A new report from the Kiel Institute for the World Economy suggests Americans — not foreign countries — are paying almost the entire cost of President Donald Trump’s tariffs.

U.S. shrimp imports declined for the third straight month in October 2025, according to ShrimpInsight’s Willem van der Pijl.

The study, which analyzed shipment-level data covering over 25 million transactions, found that firms importing goods into the U.S. absorbed only 4% of the costs from the levies.

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION 1. On December 22, 2025, the Secretary of Commerce (Secretary) transmitted to me a