The Toblerone war - Trump's tariffs and the cost to us all - Richard Murphy

9th August 2025

Donald Trump has slapped a 39% tariff on Toblerone from Switzerland - but this isn't really about chocolate.

It's about a dangerous trade war targeting allies and enemies alike. In this video, I explain how tariffs work, who really pays for them, and why Trump's economic nationalism will mean higher prices, job losses, and global instability.

Fair trade matters - and this isn’t it.