Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
After a few weeks of intense focus on whether there is an AI bubble in the markets or not, a recurrent character of 2025 has emerged to the fore: tariffs.
On Friday stateside, tech stocks recovered slightly after the Nasdaq hit its lowest level in about 3 weeks, perhaps indicating that the AI-fueled volatility could be nearing an end.
However, just as AI steps away from the spotlight, tariffs enter the stage, like the next act in a Shakespearean play.
The Trump administration reached a deal with Switzerland Friday stateside to lower duties on Swiss exports to 15% from 39%, in return for a $200 billion investment in the U.S. by the end of 2028.
