00:00The White House unveiled plans for sweeping new tariffs on semiconductors and pharmaceuticals
00:05with drug tariffs possibly reaching as high as 250 percent, in addition to a standoff
00:10over Swiss chocolate and watch exports.
00:13Switzerland's president and top officials launched an emergency trip to Washington to
00:17negotiate more favorable terms and avert a 39 percent U.S. tariff on their goods.
00:24Meanwhile, the U.S. president has ruled out Treasury Secretary Scott Besson as Fed Chair
00:28and indicated the U.S. is close to a new trade deal with China.
00:33Despite tensions, markets held relatively steady, aided by investor optimism over potential
00:38rate cuts and continued strength in AI-related earnings.
