India and Switzerland are caught in the crosshairs of aggressive new tariffs [Video]

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.