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.

President Donald Trump’s expanded reciprocal tariffs will not apply to any products loaded onto a vessel for transport into the United States before 12:01 a.m. New York time on Thursday, according to guidance issued by US Customs and Border Protection.

These tariffs are slated to affect imports from more than 60 countries, including Brazil, India and Japan, and their effects are poised to be borne heavily by U.S. consumers. According to one estimate from the Yale Budget Lab,

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.

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

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.