Trump’s Tariffs Unleash Delayed Shock on World Economy

Good morning. Donald Trump’s tariff blitz unleashes delayed shock on the global economy. Amazon trails while Apple surprises. And who says sports and politics don’t mix? Listen to the day’s top stories.

Donald Trump set a 10% global minimum tariff, with rates of 15% and higher for countries with significant trade surpluses with the US. Canada is among the hardest hit with levies increased to 35%, but USMCA goods remain exempt. Switzerland got slammed with 39%. Don’t worry if you’ve lost track: get up to speed with this guide to every tariff, and its economic effect.