Your guide to what Trump’s second term means for Washington, business and the world It takes quite a lot to make you feel sorry for the Swiss, but Donald Trump has managed it, imposing 39 per cent tariffs on its exports for a reason no one can entirely fathom.

President Donald Trump's tariffs, slapped on more than 67 countries, generated $25 billion in revenue in July— an $18 billion revenue jump compared to last July, according to a recent report. The report conducted by the nonpartisan Committee for Responsible Federal Budget comes just a week after Trump's tariffs ranging from 15% to 41% on dozens of countries went into effect.