Trump unveils 1st August tariff rates

President Trump launches his latest round of tariffs, hitting Canada and Switzerland with higher levies due to start in a week’s time. The dollar jumps on the move – its first monthly gain since Trump assumed office – while the euro and sterling slump to their respective worst months in 3 years. Daimler Trucks revises FY profits forecasts by what could be more than 20 per cent citing poor performance in the U.S. market.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What this episode covers

President Trump launches his latest round of tariffs, hitting Canada and Switzerland with higher levies due to start in a week’s time. The dollar jumps on the move – its first monthly gain since Trump assumed office – while the euro and sterling slump to their respective worst months in 3 years. Daimler Trucks revises FY profits forecasts by what could be more than 20 per cent citing poor performance in the U.S. market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is 24 minutes long.

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This episode was published on August 1, 2025.

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