As dozens of countries race to reach trade deals with the U.S. ahead of a Thursday deadline, President Trump has embraced a strategy that goes beyond the usual focus on markets and deficits: He’s demanding multibillion-dollar investments in the U.S.

Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

ZURICH (Reuters) -Switzerland's government will hold an extraordinary cabinet meeting on Monday to discuss its response to President Donald Trump's 39% tariff on Swiss imports, which threatens to inflict heavy damage to its U.S.-dependent luxury goods industry.

The Swiss government is ready to make a "more attractive offer" in trade talks with Washington, the cabinet said on Monday, after a crisis meeting aimed at averting a 39% U.S. tariff on Swiss imports that could hammer the export-driven economy.

Karin Keller-Sutter accused of mishandling talks as shares dive after Switzerland hit with 39% tariff