Balance of Power

Swiss Shock at Trump Tariffs Floats EU Rethink

The Swiss president is in Washington to try to negotiate a cut in threatened tariffs.

Rolex watches in a Bucherer store in Geneva, Switzerland, on Aug. 5

Photographer: Andrew Kravchenko/Bloomberg

Welcome to Balance of Power, bringing you the latest in global politics. If you haven’t yet, sign up here.

Of all the tariff bombs thrown by Donald Trump, the 39% rate lobbed at imports from Switzerland is among the most devastating.