Syz the moment

Indeed, as discussed in this article by NZZ, medicines and most gold imports are currently exempt from Trump's tariffs. Therefore, the 39% punitive tariff is likely to affect less than half of all Swiss goods exports to the United States. On a trade-weighted basis, the tariff rate for Switzerland would thus be around 20%. The main victims would be watch manufacturers and other companies in the mechanical engineering, electrical and metal industries. Link to the article: https://lnkd.in/esu_XvFM

“I find that the Government of India is currently directly or indirectly importing Russian Federation oil,” President Donald Trump said in an executive order. “Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent,” the executive order reads.

However, companies like hashtag#Nvidia ( $NVDA ) and hashtag#Apple ( $AAPL ), which have already invested heavily in U.S. manufacturing, are exempt from the new policy... Source: CNBC

That means China tariffs go from 50% to 75% (and 20% in Jan. '25). Will it be applied on China as well??? Source: Robin Brooks

Source: Drew @aKellyBrand on X

According to the FT, Swiss political figures are calling for Fifa president Gianni Infantino to be enlisted to help sway Donald Trump, as the country reels from being saddled with the highest US tariff rate in Europe. The calls come as Switzerland’s president and economy minister failed in a last ditch bid to avert the implementation of 39 per cent tariffs, as they left Washington empty handed. President Karin Keller-Sutter and economy minister Guy Parmelin met with Marco Rubio on Wednesday afternoon but announced no change to the high tariff. The Swiss delegation was unable to secure a meeting with Trump. According to the FT article: "One member of Switzerland’s upper house as well as a former Swiss ambassador are among those arguing the world football chief could help secure vital access to the US president, with whom he has a long-standing rapport (...) National Councillor Roland Rino Büchel, also a member of the SVP, was among those arguing the Fifa president could act as an informal backchannel to the US president. Trump has previously referred to Infantino as “a friend of mine”, a “winner” and an “excellent guy”. Source: FT

President Donald Trump told CNBC’s “Squawk Box” that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far. He said he will initially impose a “small tariff” on pharmaceuticals, but then in one year to a year and a half “maximum” he will raise that rate to 150% and then 250%. President Donald Trump said Tuesday he will unveil new tariffs on semiconductors and chips as soon as next week. “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said during a lengthy interview on CNBC’s “Squawk Box.” Trump said that that announcement would come “within the next week or so.” Source: CNBC

The European Union announced Monday that it is suspending for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week. “On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade,” the EU Commission spokesperson for trade said in a statement. The spokesperson touted the agreement as restoring “stability and predictability for citizens and businesses on both sides of the Atlantic.” “The EU continues to work with the US to finalise a Joint Statement, as agreed on 27 July,” the spokesperson said. “With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August.” Source: CNBC