Swiss Federal Council to hold extraordinary meeting as trade delegation returns from US

Swiss watches face crisis! 39% US tariffs bite, impacting valuations. Will talks ease the pain?

Japanese investors dumped $5.1B foreign stocks amid US economic fears & tariffs. MSCI World down 2.54%.

US tariffs jump to 50% on some partners, testing supply chains & inflation. Expect price hikes!

Trump also talked up the possibility of a "dividend" to the US people. Is that realistic though? Not quite at the moment as such policy could fuel inflation further amid the already rising prices stemming from the tariffs itself.

As things stand, paying down debt is the main thing. US national debt has now crossed $36 trillion and they hold a budget deficit of $1.4 trillion this fiscal year. So, tariffs revenue is to help narrow that ever so slightly.

Trump touts the billions of dollars coming in from his reciprocal tariffs. He's not wrong as the US Treasury saw $30 billion in tariffs revenue in July, up 242% compared to the same month in 2024. But what can they do with the money?

Retailers push back on brand price hikes (avg 2.6%) amid tariffs & inflation; some brands see sales dip.