Trade Policy & Tariffs - The US is transforming the global trading system by implementing new tariff policies that affect trade with every country and for every product [2] - The president aims for tariffs to land between 10% and 25% for most importers, with Southeast Asia around 20%, major trading partners around 15%, and some outliers reaching 30% to 40% [3][4] - The US has eliminated tariff-free treatment (diminimous) for shipments under $800 from all countries, impacting small and medium-sized enterprises [8][9][10] Regional Trade Dynamics - Trading partners are splitting into regional blocks by geography and economy size, aligning with the administration's expected outcome [6] - Some major trading partners, including the European Union, Japan, and South Korea, have agreed to the new trade terms [11] - Switzerland has a tariff rate of 39%, significantly higher than the 15% for Liechtenstein, Iceland, and the European Union, suggesting a potential adjustment [6] US Trade Strategy - The president's actions aim to rebalance trade relationships, addressing the perception that trade benefits other countries more than the US [11][12] - The administration believes these changes will provide importers and investors with more certainty regarding the president's trade direction [3]