In a surprising turn of events, Trump and Xi have paused tariffs for a year amidst ongoing trade tensions. The leaders discussed critical issues like rare earth metals and AI chip exports, signaling a potential shift in relations.
As Trump's tariffs hit Switzerland with a staggering 39%, the Swiss economy faces serious consequences. With key industries at risk and potential job losses looming, how will Switzerland navigate the trade turmoil?
On July 4, while the US celebrated, Switzerland thought it had dodged Trump's tariffs. But a shocking announcement weeks later dealt them the highest levies in the developed world, turning joy into dismay.
As Trump's latest tariffs kick in, markets face significant turbulence, with fears of a global recession mounting. Analysts warn of persistent volatility while world leaders consider their responses.
