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Trump Trade Policy 2026: 15% Tariffs, Section 122, US–Mexico Trade, Global Market Impact

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In this episode of Swiss View, we break down the latest developments in Trump’s global tariff policy, including the newly announced 10% worldwide tariff and the quick move to an increase to 15% under Section 122 authority.


What does Section 122 of U.S. trade law actually allow? How long can tariffs remain in place without Congressional approval? And what does this mean for global markets, inflation, and supply chains?


We discuss: The legal mechanics of Section 122 tariffs (150-day authority).


Why businesses face rising uncertainty over future U.S. trade policy.


The UK’s hope for zero steel tariffs was never realized.


Why Mexico — which sends 83% of its exports to the U.S. — narrowly avoided recession. Whether manufacturing and construction could rebound in 2026 ahead of the FIFA World Cup.


From U.S.–Mexico trade dependency to broader global manufacturing and supply chain risks, we examine how escalating tariffs could impact growth, investment, and financial markets. If you follow U.S. trade policy, global macroeconomics, emerging markets, or international investing, this episode provides the context for the world at large.


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WHVP is not just another asset manager. We are an independent firm specializing in managing the funds of private clients. Registered with the SEC in the U.S. and located in Zurich, Switzerland, we are associated with several first-class private banks in Switzerland and Liechtenstein, which serve as custodian banks for our clients' accounts. Our asset management principles are rooted in conservative, long-term-oriented capital preservation strategies. We prioritize personalized service, crafting portfolios that are shielded against U.S. Dollar depreciation while leveraging overseas investment opportunities.


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