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Core Points - The U.S. Trade Representative stated that the new round of tariffs imposed by President Trump on multiple countries is largely finalized and will not be adjusted during current negotiations [1] - Protests erupted in Brazil against the U.S. tariffs, which are seen as an infringement on Brazil's sovereignty [1][2] - Brazil's Vice President indicated that approximately 35.9% of Brazilian exports to the U.S. will face a combined tariff of 50% due to the new measures [2] - Brazil firmly opposes unilateral economic sanctions based on trade relations with other countries, particularly regarding U.S. demands to stop importing Russian oil [3] - Switzerland reacted strongly to the announcement of a 39% tariff, which is among the highest in the world, leading to widespread criticism of U.S. actions [4][5][6] - The Swiss economy is heavily reliant on international markets, with the U.S. accounting for 18.6% of Swiss exports in 2024 [7] - The potential impact of the tariffs could lead to a GDP decline in Switzerland, with estimates ranging from 0.3% to 0.7% depending on the pharmaceutical sector's tariff treatment [7] Summary by Sections U.S. Tariff Policy - The U.S. has set high tariffs on imports from Brazil (50%), India (25%), Canada (35%), and Switzerland (39%) [1] - The tariffs are based on bilateral trade surpluses and deficits, and are considered fixed by the U.S. administration [1] Brazil's Response - Protests occurred in major Brazilian cities against the U.S. tariffs and demands related to the investigation of former President Bolsonaro [1] - Brazil's government has stated it will not comply with U.S. conditions regarding its energy policy [3] Switzerland's Reaction - The announcement of a 39% tariff on Swiss goods has led to significant backlash from Swiss political and business leaders, who view it as an attack on their economy [4][6] - The Swiss economy is particularly vulnerable due to its reliance on exports, with major products including pharmaceuticals and machinery [7] Economic Impact - The tariffs could significantly impact Switzerland's GDP, with potential declines estimated at 0.3% to 0.7% depending on the sectors affected [7]