America's tariff avalanche catches Switzerland unawares
THE FIREWORKS in celebration of the Rütlischwur, the foundational oath of Switzerland on August 1st 1291, had just subsided when Donald Trump announced that Swiss exports to America would soon face tariffs of 39%. It came as a shock to Europe's most stubbornly independent country. After consulting with businesses and holding a crisis meeting on August 4th, the government announced it will make America a more attractive offer.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
28 minutes ago
- The Independent
Trump says he'd like to run again, pushing back at ‘fake polls' in CNBC interview: Live updates
In an interview with CNBC on Tuesday morning, President Donald Trump said that while he would like to run again for another term in the White House, he added he probably wouldn't. Trump boasted about his 2024 election victory, claiming his numbers in Texas set a record that won't be surpassed unless he runs again. Asked if he would run for another term, Trump replied: 'No. Probably not. I'd like to. I have the best poll numbers I ever had.' The president pushed back when host Joe Kernen clarified that he has the best poll numbers among Republicans, while other polls show his numbers in the 30s. Trump countered: 'They're fake polls. You also have me in the 70s.' The phone interview with Squawk Box mainly focused on economic issues, including a threat to raise tariffs on India within 24 hours, other threats to the European Union, a 200% import tax on pharmaceuticals, and who he is considering to replace Federal Reserve Chair Jerome Powell. Trump also continued to criticize 'rigged' government jobs numbers, attacked Democratic lawmakers Rep. Jasmine Crockett and Illinois Gov. JB Pritzker in reference to redistricting in Texas, and accused banks of discriminating against conservatives.
Daily Mirror
29 minutes ago
- Daily Mirror
Russia arms race fears grow as country ends self-imposed ban on nuclear missiles
The Russian Foreign Ministry has said this week that it feels the moratorium no longer applies after US actions have created a "direct threat" to the country's security Russia has said that it no longer feels bound by a self-imposed moratorium on the deployment of nuclear -capable intermediate range missiles, sparking fears there could be a fresh arms race, particularly with the US. The Russian Foreign Ministry announced on Monday that the decision is linked to the efforts by the US and its allies to develop intermediate range weapons and preparations for their deployment in Europe. The declaration could indicate a possible new arms race. The ministry said that actions by the US, such as plans to deploy Typhoon and Dark Eagle missiles in Germany from next year, create "destabilizing missile potentials" near Russia. This, it explained, creates a "direct threat to the security of our country" and carries "significant harmful consequences for regional and global stability, including a dangerous escalation of tensions between nuclear powers." It comes after NATO scrambled warplanes as Russia shoots down West's F-16 fighter jet in Ukraine onslaught. President Putin had previously declared that Moscow was planning to deploy its new Oreshnik missiles on the territory of Belarus later this year. The ministry said: "Decisions on specific parameters of response measures will be made by the leadership of the Russian Federation based on an interdepartmental analysis of the scale of deployment of American and other Western land-based intermediate-range missiles, as well as the development of the overall situation in the area of international security and strategic stability.' At the end of last week, Donald Trump said that he would order the repositioning of two US nuclear submarines based on the 'highly provocative statements" of Dmitry Medvedev about the risk of war between the two countries. Medvedev had responded to Trump's deadline for Russia to accept a peace deal in Ukraine or face sanctions by warning him against "playing the ultimatum game with Russia". He had said that "each new ultimatum is a threat and a step toward war'. The Russian politician later wrote on social media that the statement on the withdrawal of the missile moratorium was a result of 'NATO countries' anti-Russian policy'. He added: 'This is a new reality all our opponents will have to reckon with. Expect further steps.' Intermediate-range missiles were banned under the 1987 Intermediate-range Nuclear Forces (INF) Treaty. In 2019, Washington and Moscow abandoned the pact, but Moscow declared its self-imposed moratorium on their deployment, until the US makes a move. The missiles can fly between 500 to 5,500 kilometers. Russia's missile forces chief claimed that the Oreshnik intermediate range missile has a range to reach all of Europe and can carry nuclear warheads. Putin said the weapon was so powerful that using several of the missiles could be as devastating as a nuclear strike. The president claimed last year that it was capable of destroying bunkers three, four or more floors down,' AP reported.
Daily Mail
29 minutes ago
- Daily Mail
Trump reveals his 2028 plans in new interview and signals gap hanging over his ambitions
President Donald Trump on Tuesday revealed his thoughts about running for president again in 2028, as he continues to boast of economic gains in the first year of his second term. In an early morning interview with CNBC, Trump commented about the earning the highest vote ever recorded in Texas and teased that the record would stand 'unless I run again.' 'Are you going to run again?' asked co-host Becky Quick. 'No, probably not,' Trump replied with a chuckle. 'I'd like to run, I have the best poll numbers I've ever had,' he added. 'People love the tariffs, and they love the trade deals and they love the foreign countries aren't ripping us off.' Trump boasted he had the best poll numbers he ever had, prompting host Joe Kernen to point to media polls showing him with an approval rating in the 30s. 'I won every swing state, I won the popular vote by millions of votes ... my poll numbers are better now, much better than during the election,' he said. The Democratic party, he argued, was struggling to reassert themselves, making it difficult for them to mount a challenger. 'The Democrats are lost, they have Trump derangement syndrome so bad that they can't walk, they can't talk, they don't know where they are,' he concluded. American presidents are prevented from running for a third term, after the 22nd Amendment to the Constitution was passed and ratified in 1951. Trump has teased the idea in interviews, although he has conceded he is not yet planning on running for a third term. In May, Trump reacted to the Trump organization selling red hats that read 2028, separate from his campaign operation. NBC News anchor Kristen Welker asked the president during the interview if it was something he was considering. 'I will say this – so many people want me to do it,' Trump replied. 'I have never had requests so strong as that.' 'But it's something that, to the best of my knowledge, you're not allowed to do,' he conceded. 'I don't know if that's constitutional that they're not allowing you to do it or anything else. But, there are many people selling the 2028 hat.' But Trump indicated he was willing to turn over his political movement to a 'great Republican' like Vice President JD Vance or Secretary Marco Rubio. 'I'm looking to have four great years and turn it over to somebody, ideally a great Republican, a great Republican to carry it forward,' Trump said. The president has also cited polling showing that his supporters would welcome a third term of his presidency. 'I'm not joking,' Trump told NBC News in March, when asked to clarify his comments on the idea. 'But I'm not — it is far too early to think about it.' When asked about how he would do so, Trump said cryptically, 'There are methods which you could do it.' He has also said he would 'love' to run against Obama. 'I'd love that …. That would be a good one,' he said to Fox News reporter Peter Doocy in March. 'I'd like that. And no, people are asking me to run, and there's a whole story about running for a third term. I don't know, I never looked into it. They do say there's a way you can do it, but I don't know about that.' Trump supporters have mused on a possible loophole in the 22nd Amendment, suggesting that if Vice President JD Vance ran for president with Trump as his running mate, he could theoretically, resign, allowing a vice president Trump to ascend back into power.
