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Under the 1977 International Emergency Powers Act, Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday. As a result, imports from the European Union (and therefore Germany) will be subject to a 20% surcharge, while those from Switzerland will even be subject to a 31% tariff as a reaction to the 61% tariffs that the U.S. says Switzerland imposes on American products. Trump imposed 10% as the “minimum rate” for other countries, Japan is listed with 24%

Neil Armstrong's Omega Speedmaster sold for $2.1 million. A yellow gold watch presented to the first man to set foot on the moon in 1969 appeared at RR Auction. Half of the proceeds will be donated to charities chosen by Neil's son, Mark Armstrong.