Switzerland is ready to make a "more attractive offer" in trade talks with Washington, its government said on Monday, following a crisis meeting aimed at averting a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven economy.

The Swiss government said it had “no indication” the country would be hit with a 39 percent tariff, which is set to take effect this week.

The Guinness brewer now expects to take a $200 million annual hit from tariffs, although it said it could mitigate half of that.

The president says his tariffs will spur America into a "golden age," but that remains far from certain. Here are five things about how his trade policies could impact the U.S. and global economies.

Little by little, the costs of U.S. President Donald Trump's tariffs are starting to add up, both for consumers and American companies that are raising prices, reporting tariff-related hits to their profits,