India and Switzerland are caught in the crosshairs of aggressive new tariffs [Video]
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Tariff news is anything but soothing. Allies are spooked. Apple’s throwing $600 billion on the table — just to keep Trump calm. Welcome to The Trump Order — where global trade bends to one man’s will.
India and Switzerland are caught in the crosshairs of aggressive new tariffs. Big Pharma could face duties of up to 250%. Apple is rushing to shift iPhone production to the U.S., but these relocations will likely accelerate AI adoption rather than boost jobs.
Meanwhile, demand for U.S. bonds weakened this week — but yields remain contained as the Fed faces pressure to cut rates regardless of inflation data. If trust in U.S. inflation numbers erodes, the $2 trillion TIPS market could take a hit. Gold might benefit as a hedge, but Bitcoin’s inflation credentials remain statistically weak.
The ECB and BoE are also walking a tightrope. The BoE is expected to cut 25bps — but whether it’s a hawkish or dovish cut will shape sterling sentiment.
Author
Ipek Ozkardeskaya
Swissquote Bank Ltd
Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.
