Hello and welcome to World Business Report from the BBC World Service.
I am Bissi Adibayo and in this edition,
the US tariff deadline has finally arrived and we've got reaction from three continents.
We're taking you to Lesotho, Switzerland and Taiwan.
And after all that great tension, we'll take a trip to Edinburgh in Scotland,
where the world's biggest arts festival, The Fringe, kicks off today.
Well, let's get into it right away.
And of course, we've been following the tariff talks closely here on World Business Report.
And today's the deadline.
The White House has published a list of new tariffs for imports from about 70 countries that haven't yet reached a trade deal with the United States.
And most of the measures are due to come effect in seven days,
leaving the door open for more negotiations.
Goods from countries where the US enjoys a trade surplus will be taxed at 10%.
And where the US has a small deficit, the rate there is 15%.
But many countries even face higher rates as much as up to 41%.
We'll be bringing you three case studies across three different continents, Switzerland,
Lesotho and Taiwan, each reacting in their own way to Washington's new tariff moves.
But first, our North America business correspondent Erin Delmore is with us.
Thanks.
for joining us, Aaron.