šØ President Trump hit Switzerland with 39% tariff š„ š„µ
PPresident Trump has imposed a 39% tariff on Swiss exports, far exceeding prior expectations of ~15% or less late, and pharmaāthough pharma is currently exempt amid investigations ped around 1ā1.8%, while the Swiss franc weakened against major currenciesing to renegotiate, aiming to reduce tariffs to ~15% before the AugustāÆ7 deadline
Flight to Crypto as a Hedge
Investor uncertainty and equity volatility may drive capital toward Bitcoin and stablecoins as safe havens, especially for Swiss investors diversifying away from franc or equities.
RiskāOff Sentiment
Broader risk aversion could hurt speculative altcoins. Markets down across equities often mean shortāterm weakness in crypto assets.